Blackstone Secured Lending Fund reports Q1 NII 83c, consensus 82c

Reports Q1 Net Asset Value $6.2B or $27.39 per share at quarter end. Co-CEOs Brad Marshall and Jonathan Bock said, “Despite recent market volatility, BXSL reported another strong quarter with net investment income per share of 83c, covering our dividend at 108%. Credit performance remained healthy with minimal non-accruals, underpinned by a 98.2% first lien senior secured debt portfolio with a loan-to-value ratio of 47.4%. In periods of uncertainty, we may utilize Blackstone’s significant scale and competitive advantages to benefit BXSL’s portfolio companies and our shareholders.”