Blackstone Secured Lending Fund
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
BXSL$23.94-0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements Condensed Consolidated Statements of Assets and Liabilities as of and
Condensed Consolidated Statements of Assets and Liabilities
(in thousands, except share and per share amounts)
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Investments 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 investments | 104,702 | 112,046 |
| Interest receivable from non-controlled/affiliated investments | 6 | 6 |
| Receivable from broker | 11,070 | 4,807 |
| Deferred financing costs | 19,547 | 21,865 |
| Receivable for investments | 23,414 | 2,976 |
| Receivable for shares sold | 5,393 | 4,405 |
| Derivative assets at fair value (Note 6) | 20,345 | 3,995 |
| Total assets | $13,710,955 | $13,472,224 |
| LIABILITIES | ||
| Debt (net of unamortized debt issuance costs of $38,859 and $34,877, respectively) | $7,090,550 | $7,056,091 |
| Payable for investments | 2,340 | 19,277 |
| Due to affiliates | 5,646 | 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 payable | 65,174 | 53,958 |
| Distribution payable (Note 9) | 177,007 | 170,751 |
| Board of Trustees’ fees payable | 296 | 289 |
| Accrued expenses and other liabilities | 12,328 | 17,212 |
| Total liabilities | 7,422,659 | 7,395,703 |
| Commitments and contingencies (Note 8) | ||
| NET ASSETS | ||
| Common Shares, $0.001 par value (unlimited shares authorized; 230,055,444 and 221,892,184 shares issued and outstanding, respectively) | 230 | 222 |
| Additional paid in capital | 6,009,106 | 5,749,762 |
| Distributable earnings (loss) | 278,960 | 326,537 |
| Total net assets | 6,288,296 | 6,076,521 |
| Total liabilities and net assets | $13,710,955 | $13,472,224 |
| NET ASSET VALUE PER SHARE | $27.33 | $27.39 |
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