Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 641

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 641
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753 $12,714,636 $12,830,389 Second lien debt— — 119,184 119,184 Unsecured debt— — 33,521 33,521 Equity — — 109,424 109,424 Total$— $115,753 $12,976,765 $13,092,518 

December 31, 2023Level 1Level 2Level 3TotalFirst lien debt$— $157,858 $9,564,203 $9,722,061 Second lien debt— — 41,515 41,515 Unsecured debt— — 9,924 9,924 Equity — — 94,940 94,940 Total$— $157,858 $9,710,582 $9,868,440 

Within Investments at fair value, substantially all Equity investments are illiquid and privately negotiated in nature and are subject to contractual sale constraints or other restrictions pursuant to their respective governing or similar agreements.The following tables present changes in the fair value of financial instruments for which Level 3 inputs were used to determine the fair value:For the Year Ended December 31, 2024First Lien DebtSecond Lien DebtUnsecured DebtEquityTotalFair value, beginning of period$9,564,203 $41,515 $9,924 $94,940 $9,710,582 Purchases of investments3,911,214 79,441 23,669 14,129 4,028,453 Proceeds from principal repayments and sales of investments(789,651)(271)— (492)(790,414)Accretion of discount/amortization of premium38,337 116 45 — 38,498 Net realized gain (loss)(19,498)— — 492 (19,006)Net change in unrealized appreciation (depreciation)(34,427)(1,617)(117)355 (35,806)Transfers into Level 3 (1)45,260 — — — 45,260 Transfers out of Level 3 (1)(802)— — — (802)Fair value, end of period$12,714,636 $119,184 $33,521 $109,424