Blackstone Secured Lending Fund
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed May 8, 2024
BXSL$24.17+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows for the (Unaudited)
Condensed Consolidated Statements of Changes in Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net increase (decrease) in net assets resulting from operations | $183,755 | $138,798 |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | ||
| Net change in unrealized (appreciation) depreciation on investments | (11,787) | 11,403 |
| Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies | 21 | 3,141 |
| Net realized (gain) loss on investments | (428) | 3,486 |
| Payment-in-kind interest capitalized | (19,977) | (12,371) |
| Net accretion of discount and amortization of premium | (9,706) | (9,135) |
| Amortization of deferred financing costs | 1,698 | 1,125 |
| Amortization of original issue discount and debt issuance costs | 2,041 | 2,549 |
| Purchases of investments | (719,149) | (102,265) |
| Proceeds from sale of investments and principal repayments | 186,666 | 109,051 |
| Changes in operating assets and liabilities: | ||
| Interest receivable | (9,883) | 20,334 |
| Receivable for investments sold | 1,281 | 22,602 |
| Payable for investments purchased | 10,756 | (13,409) |
| Due to affiliates | (169) | 2,991 |
| Management fee payable | 3,006 | (73) |
| Income based incentive fee payable | 1,472 | 1,278 |
| Capital gains incentive fee payable | 3,134 | (1,557) |
| Interest payable | (9,776) | (25,111) |
| Accrued expenses and other liabilities | (8,485) | 3,027 |
| Net cash provided by (used in) operating activities | (395,530) | 155,864 |
| Cash flows from financing activities: | ||
| Borrowings on debt | 363,790 | 84,000 |
| Repayments on debt | — | (176,658) |
| Deferred financing costs paid | — | (2,350) |
| Dividends paid in cash | (137,439) | (91,753) |
| Proceeds from issuance of Common Shares, net of offering and underwriting costs | 161,998 | — |
| Net cash provided by (used in) financing activities | 388,349 | (186,761) |
| Net increase (decrease) in cash and cash equivalents | (7,181) | (30,897) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (20) | 2,650 |
| Cash and cash equivalents, beginning of period | 154,857 | 131,272 |
| Cash and cash equivalents, end of period | $147,656 | $103,025 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | ||
Condensed Consolidated Statements of Changes in Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental information and non-cash activities: | ||
| Interest paid during the period | $72,624 | $88,513 |
| Distribution payable | 147,743 | 112,400 |
| Reinvestment of distributions during the period | 5,614 | 5,132 |
| Excise taxes paid | 11,430 | 5,245 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.