Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 0

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

Blackstone Secured Lending Fund

Condensed Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share amounts)

(Unaudited)

 June 30, 2025December 31, 2024ASSETSInvestments at fair value Non-controlled/non-affiliated investments (cost of $13,299,807 and $13,166,677, respectively)$13,223,290 $13,063,171 Non-controlled/affiliated investments (cost of $27,552 and $26,542, respectively)29,510 29,347 Total investments at fair value (cost of $13,327,359 and $13,193,219, respectively)13,252,800 13,092,518 Cash and cash equivalents (restricted cash of $87,065 and $2,499, respectively)273,678 229,606 Interest receivable from non-controlled/non-affiliated investments104,702 112,046 Interest receivable from non-controlled/affiliated investments6 6 Receivable from broker11,070 4,807 Deferred financing costs19,547 21,865 Receivable for investments23,414 2,976 Receivable for shares sold5,393 4,405 Derivative assets at fair value (Note 6)20,345 3,995 Total assets$13,710,955 $13,472,224 LIABILITIESDebt (net of unamortized debt issuance costs of $38,859 and $34,877, respectively)$7,090,550 $7,056,091 Payable for investments2,340 19,277 Due to affiliates5,646 7,112 Management fees payable (Note 3)34,600 32,305 Income based incentive fees payable (Note 3)34,718 38,708 Capital gains based incentive fees payable (Note 3)— — Interest payable65,174 53,958 Distribution payable (Note 9)177,007 170,751 Board of Trustees’ fees payable296 289 Accrued expenses and other liabilities12,328 17,212 Total liabilities7,422,659 7,395,703 Commitments and contingencies (Note 8)NET ASSETSCommon Shares, $0.001 par value (un