Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 3

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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5$228 $5,939,716 $300,925 $6,240,869 Issuance of Common Shares, net of offering and underwriting costs2 64,010 — 64,012 Reinvestment of dividends (1)— 5,380 — 5,380 Net investment income— — 175,902 175,902 Net realized gain (loss)— — (9,560)(9,560)Net change in unrealized appreciation (depreciation)— — (11,300)(11,300)Dividends declared and payable from net investment income— — (177,007)(177,007)Balance, June 30, 2025$230 $6,009,106 $278,960 $6,288,296 

Par AmountAdditional Paid in CapitalDistributable Earnings (Loss)Total Net AssetsBalance, December 31, 2024$222 $5,749,762 $326,537 $6,076,521 Issuance of Common Shares, net of offering and underwriting costs8 248,834 — 248,842 Reinvestment of dividends (1)— 10,510 — 10,510 Net investment income— — 364,697 364,697 Net realized gain (loss)— — (4,672)(4,672)Net change in unrealized appreciation (depreciation)— — (55,174)(55,174)Dividends declared and payable from net investment income— — (352,428)(352,428)Balance, June 30, 2025$230 $6,009,106 $278,960 $6,288,296 

(1)The par amount of the shares is less than 1,000 and rounds to zero.

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Statements of Changes in Net Assets(in thousands)(Unaudited)

Par AmountAdditional Paid in CapitalDistributable Earnings (Loss)Total Net AssetsBalance, March 31, 2024$192 $4,869,433 $286,040 $5,155,665 Issuance of Common Shares, net of offering and underwriting costs6 190,129