BXSL FY 2025 total investment income rises 7% to USD 1.4 billion

Blackstone Secured Lending Fund (BXSL) reported FY 2025 total investment income of USD 1.4 billion, up 7.0%, with net investment income after tax expense of USD 739.9 million and net investment income before tax expense of USD 756.0 million. Net increase in net assets resulting from operations was USD 563.5 million, reflecting a net change in unrealized depreciation (net of income tax) of USD 153.7 million and a net realized loss (net of tax expense) of USD 22.8 million. BXSL said it made USD 3.6 billion of new investment commitments in FY 2025 (including USD 966.7 million unfunded at year-end), and ended the year with total investments of USD 14.4 billion. As of Dec. 31, 2025, BXSL reported 316 portfolio companies, weighted average yield on performing debt and income producing investments of 9.5% at amortized cost (9.6% at fair value), average loan-to-value of 50.5%, and 0.6% of assets on non-accrual at amortized cost. On capital and liquidity, BXSL reported USD 8.1 billion of debt outstanding and an asset coverage ratio of 177.1% as of Dec. 31, 2025, alongside USD 289.6 million of cash and cash equivalents (including restricted cash) and USD 2.4 billion of unused capacity under credit facilities (USD 2.3 billion available to borrow). The company also reported USD 291.0 million of net proceeds from common share sales through its ATM program in FY 2025, and declared FY 2025 distributions totaling USD 3.0800 per share (USD 708.9 million).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackstone Secured Lending Fund published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001736035-26-000004), on February 25, 2026, and is solely responsible for the information contained therein.