Business
Sixth Street Specialty Lending, Inc. Prices Public Offering of $300.0 million 5.625% Unsecured Notes due 2030
NEW YORK, February 18, 2025--Sixth Street Specialty Lending, Inc. (NYSE:TSLX) ("TSLX" or the "Company") announced today that it has priced an underwritten public offering of $300.0 million in aggregate principal amount of 5.625% notes due 2030. The notes will mature on August 15, 2030 and may be redeemed in whole or in part at TSLX’s option at any time at par plus a "make-whole" premium, if applicable.
About this update from Sixth Street Specialty Lending, Inc.
[{"type":"text","content":"NEW YORK, February 18, 2025--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE:TSLX) ("TSLX" or the "Company") announced today that it has priced an underwritten public offering of $300.0 million in aggregate principal amount of 5.625% notes due 2030. The notes will mature on August 15, 2030 and may be redeemed in whole or in part at TSLX’s option at any time at par plus a "make-whole" premium, if applicable.","length":452,"tagName":"p"},{"type":"text","content":"TSLX expects to use the net proceeds of the offering to pay down outstanding debt under its revolving credit facility. However, through re-borrowing under the revolving credit facility, TSLX intends to make new investments in accordance with its investment objectives and strategies outlined in the preliminary prospectus supplement and the accompanying prospectus described below in greater detail.","length":399,"tagName":"p"},{"type":"text","content":"In connection with the offering, TSLX intends to enter into an interest rate swap to better align the interest rates of its liabilities with its investment portfolio, which consists of predominately floating rate loans.","length":219,"tagName":"p"},{"type":"text","content":"BofA Securities, J.P. Morgan, SMBC Nikko and Wells Fargo Securities are acting as joint book-running managers for this offering. MUFG, Truist Securities, HSBC, Mizuho, Morgan Stanley, Citigroup, Goldman Sachs & Co. LLC and RBC Capital Markets are also acting as book-running managers for this offering. ICBC Standard Bank, Keefe, Bruyette & Woods, A Stifel Company, Oppenheimer & Co., Citizens Capital Markets, Raymond James, Ladenburg Thalmann, Comerica Securities and R. Seelaus & Co., LLC are acting as co-managers for this offering. The offering is expected to close on February 25, 2025, subject to the satisfaction of customary closing conditions.","length":669,"tagName":"p"},{"type":"text","content":"Investors are advised to carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The pricing term sheet dated February 18, 2025, the preliminary prospectus supplement dated February 18, 2025 and the accompanying prospectus dated December 22, 2023, each of which have been or will be filed with the Securities and Exchange Commission ("SEC"), cont...