Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 355

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 355
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) on all borrowings outstanding was 5.26% and 5.18%, respectively.For the three and six months ended June 30, 2025, the weighted average all-in cost of debt (including unused fees, accretion of net discounts on unsecured debt, amortization of deferred financing costs, and the impact of the application of hedge accounting) was 5.10% and 5.09%, respectively. For the three and six months ended June 30, 2024, the weighted average all-in cost of debt (including unused fees, accretion of net discounts on unsecured debt, amortization of deferred financing costs, and the impact of the application of hedge accounting) was 5.38% and 5.31%, respectively.For the three and six months ended June 30, 2025, the average principal debt outstanding was $7,155.4 million and $7,234.0 million, respectively. For the three and six months ended June 30, 2024, the average principal debt outstanding was $5,798.8 million and $5,422.5 million, respectively.

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Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts, per share data, percentages and as otherwise noted)

The components of interest expense were as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Borrowing interest expense$84,569 $74,511 $172,209 $135,676 Facility unused fees2,538 927 4,239 2,743 Amortization of deferred financing costs1,440 1,705 2,850 3,403 Amortization of original issue discount and debt issuance costs (including premiums and discounts)3,734 2,281 7,085 4,321 Gain (loss) from interest rate swaps accounted for as hedges and the related hedged items:Interest rate swaps(10,369)(2,015)(25,778)(2,015)Hedged items10,373 1,432 24,658 1,432 Total Interest Expense$92,285 $78,841 $185,263 $145,560 Cash paid for interest expense$68,885 $61,034 $165,186 $133,658