Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 166

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 166
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 rate swaps— 3,995 — 3,995 400,000 Total Derivative assets at fair value$— $6,396 $— $6,396 $571,016 Derivative LiabilitiesForeign currency forward contracts$— $— $— $— $— Interest rate swaps— (7,164)— (7,164)700,000 Total Derivative liabilities at fair value$— $(7,164)$— $(7,164)$700,000 In the table above: •The notional amount represents the absolute value amount of all outstanding derivative contracts.•All foreign currency derivatives are not designated in hedge relationships.•All interest rate swaps are designated in fair value hedge relationships.•The fair value has been presented prior to the application of counterparty netting or cash collateral netting.The Company held no derivative financial instruments as of December 31, 2023.

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

Offsetting of Derivative InstrumentsThe Company has elected to offset cash collateral posted to or received from its counterparty against the net fair value of derivative instruments with that counterparty. The following table presents the offsetting of the Company’s derivative financial instruments as of December 31, 2024:As of December 31, 2024CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative AssetCash Collateral Received (1)Cash Collateral Received Not Offset (2)SMBC Capital Markets, Inc.$3,995 $— $— $3,995 $— $— Wells Fargo Bank, N.A.2,401 (2,401)— — — — $6,396 $(2,401)$— $3,995 $— $— CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative LiabilitiesCash Collateral Posted (1)Cash Collateral Posted Not Offset (2)SMBC Capital Markets, Inc.$— $— $— $— $1,770 $1,770 Wells Fargo Bank, N.A.(7,164)2,401 4,763 — 7,