Blackstone Secured Lending Fund Reports Third-Quarter 2026 Results

Third-quarter net investment income represented a 10.7% annualized yield on net asset value.

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NEW YORK--(BUSINESS WIRE)-- Blackstone Secured Lending Fund (NYSE: BXSL or the “Company”) today reported its third-quarter 2026 results.

Brad Marshall, Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL delivered net investment income of $0.68 per share in the third quarter, a 10.7% annualized yield on NAV. Results were supported by our predominantly first-lien, floating rate portfolio, with borrowers generally continuing to demonstrate earnings growth. We remained active during the quarter, with new investment activity at nearly $250 million while over $550 million of repayments contributed to deleveraging for the period."

Blackstone Secured Lending Fund issued a full detailed presentation of its third-quarter 2026 results, which can be viewed at www.bxsl.com.

Dividend Declaration
The Company's Board of Trustees has declared a fourth quarter 2026 dividend of $0.77 per share to shareholders of record as of December 31, 2026, payable on or about January 22, 2027.

Quarterly Investor Call Details
Blackstone Secured Lending Fund will host its conference call today at 9:30 a.m. ET to discuss results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1778065&tp_key=2fb32af1ef

For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of BXSL’s website at https://ir.bxsl.com.

About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (NYSE: BXSL) is a specialty finance company that invests primarily in the debt of private U.S. companies. As of September 30, 2026, BXSL’s fair value of investments was approximately $12.9 billion. BXSL has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. BXSL is externally managed by Blackstone Private Credit Strategies LLC, an SEC-registered investment adviser that is an affiliate of Blackstone Inc. Blackstone Inc., together with its subsidiaries, is the world’s largest alternative investment firm with nearly $1.4 trillion of assets under management as of September 30, 2026.

Forward-Looking Statements and Other Matters
Certain information contained in this communication constitutes “forward-looking statements.” These forward-looking statements can be identified by the use of forward-looking terminology, such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “can,” “could,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads,” “forecast,” “possible,” “confident,” “conviction,” “identified” or the negative versions of these words or other comparable words thereof. These may include BXSL’s financial estimates and their underlying assumptions, statements about plans, statements regarding pending transactions, objectives and expectations with respect to future operations, statements regarding future performance, statements regarding economic and market trends and statements regarding identified but not yet closed investments. Such forward‐looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. BXSL believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its prospectus and annual report for the most recent fiscal year, and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BXSL’s prospectus and other filings). The forward-looking statements speak only as of the date of this report. Except as otherwise required by federal securities laws, BXSL undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261104447010/en/

Investors
Stacy Wang, Head of Stakeholder Relations
BXSLShareholderRelations@Blackstone.com

Fund and Portfolio Inquiries
Justin Farshidi
Justin.Farshidi@blackstone.com

Media
Thomas Clements
Thomas.Clements@blackstone.com
+1 646-482-6088

Source: Blackstone Secured Lending Fund

Key Terms

net investment income financial

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

yield on nav financial

Yield on NAV is the annual income return of an investment fund expressed as a percentage of its net asset value (NAV) per share. It is typically calculated by dividing the fund’s annualized distributions or expected annual income by the NAV per share; because it uses NAV rather than the fund’s market price, it shows the income generated by the underlying assets but can change if NAV is revalued or if the measure uses trailing versus run-rate distributions.

first-lien financial

A first-lien is a lender’s legal claim on specific collateral that takes priority over other claims if a borrower defaults. It matters to investors because first-lien status increases the likelihood of recovering principal from the sale of the pledged assets, reducing credit risk and often leading to lower interest rates than subordinated loans. Think of it like being first in line at a bakery: you get served before others if there’s only a limited supply.

floating rate financial

An interest rate on a loan, bond or deposit that is not fixed but resets at regular intervals based on a reference market rate plus a set margin, so the payments rise or fall as overall interest rates change. For investors, floating-rate instruments act like a weather vane: they can protect income when rates climb by increasing payouts, but they introduce unpredictable cash flow and price movement when rates fall or shift, affecting expected yield and valuation.