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Additionally, BXSL ended the quarter with 1.2 billion of liquidity and cash and immediately available, but undrawn secured leverage capacity.
BDC’s in general seem to be in for a tough slug…BXSL might be the exception…
Credit quality is definitely one factor that sets BXSL apart from other BDCs.
Including the special dividend, BXSL paid out 100% of 3Q-22 NII and 76% of LTM NII.