Strong Net Investment Income
BXSL reported a net investment income (NII) of $0.91 per share, representing a 13.4% annualized return on equity, up from $0.89 per share in the prior quarter.
Increase in Net Asset Value
Net asset value per share increased by $0.08 to $27.27 from $27.19 last quarter.
Low Nonaccrual Rate
BXSL maintained a low nonaccrual rate of 0.2% at cost, compared to traded BDC peers' average of 2.8%.
Moody's Credit Rating Upgrade
Moody's upgraded the credit ratings for both BXSL and their nontraded BDC from Baa3 to Baa2.
Record Quarter for New Commitments and Fundings
BXSL ended the quarter with $1.1 billion in new commitments and $956 million in fundings, marking the highest quarter of fundings since 2021.