Sixth Street Specialty Lending, Inc. · NYSE:TSLX

Sixth Street Specialty Lending — Debt Investor Presentation (March 2026)

61 slides from Sixth Street Specialty Lending's debt investor presentation, March 2026

  1. Slide 1: Sixth Street Specialty Lending Fixed Income Presentation March 2026

    SIXTH STREET SPECIALTY LENDING SIXTH STREET SPECIALTY LENDING, INC Fixed Income Presentation March 2026

  2. Slide 2: Disclaimer and Forward-Looking Statement

    DISCLAIMER AND FORWARD-LOOKING STATEMENT General Disclaimer The information contained in this presentation (the ʺPresentationʺ) is preliminary, may not be complete and may be changed. By acceptance hereof, you agree that the information contained herein may not be used, reproduced or distributed to

  3. Slide 3: Agenda

    AGENDA 1. Overview & Organization 3 SIXTH STREET SPECIALTY LENDING

  4. Slide 4: Overview

    14.71 0.00 $14.71 Q4'11 14.88 0.06 $14.94 14.92 0.22 $15.14 15.12 0.54 $15.66 15.19 0.90 $16.09 Q4'12 15.27 1.23 $16.50 15.29 1.61 $16.90 OVERVIEW 15.35 2.01 $17.36 15.52 2.39 $17.91 Q4'13 15.51 2.79 $18.30 15.70 3.17 $18.87 15.66 3.55 $19.21 15.53 3.93 $19.46 Q4'14 15.60 4.32 $19.92 NAV per Share 1

  5. Slide 5: Sixth Street Fund Architecture

    SIXTH STREET FUND ARCHITECTURE 1 Overview & Organization TAO: Sixth Street Highly Flexible, Thematically Focused, Cross-Platform Investing Vehicle Sports & Live Direct Asset Based Real Estate Opportunities Growth Public Markets Entertainment Lending Finance US Middle Market Control Convex Commercial

  6. Slide 6: Sixth Street Thematic Investing Architecture

    SIXTH STREET THEMATIC INVESTING ARCHITECTURE 1 Overview & Organization Fundamental US & European Healthcare & Growth Energy Opportunistic Insurance Real Estate Strategies Direct Lending Life Sciences Software & Sports, Media & Credit Market Financial & Asset Based Consumer & Digital Infrastructure &

  7. Slide 7: SLX Senior Leadership

    SLX SENIOR LEADERSHIP 1 Overview & Organization JOSHUA EASTERLY* BO STANLEY MIKE GRIFFIN Chairman of SLX & SSLP CEO of SLX & SSLP Partner Co‐Founding Partner, Co‐President Partner Co-Head of Direct Lending and Co-CIO of Sixth Street Co-Head of Direct Lending 14 years at Sixth Street 16 years at Sixt

  8. Slide 8: Differentiated Solutions Provider

    DIFFERENTIATED SOLUTIONS PROVIDER 1 Overview & Organization Our Competitive Advantages Our Track Record Highlights Part of $125+ billion1 Sixth Street Approximately $53.3 billion of platform with proprietary deal flow investments originated with a realized and significant resources including average

  9. Slide 9: BDC Sector Themes

    BDC SECTOR THEMES CENTRAL THEMES Idiosyncratic Capital Raising Dividend Access to Capital Dispersion in Credit and Deployment Coverage Markets ROE Headwinds EMERGING THEMES Rebalancing of the Exposure to AI and Shrinking portfolio yields Importance of capital Differentiated supply and demand of ente

  10. Slide 10: Approach to the Unsecured Markets

    APPROACH TO THE UNSECURED MARKETS 1 Overview & Organization 1.08x 71% 2.3x >$1.1BN 2 bps ~79% 0.6% Debt to Equity Unsecured Asset Cov. for Revolver Annualized net New Vintage Portfolio (FV) (GAAP) Debt Uns. Notes1 Capacity realized gains2 Portfolio on Non-Accrual Our Framework Implementation • Four

  11. Slide 11: Agenda

    AGENDA 1. Overview & Organization 2. Track Record 11 SIXTH STREET SPECIALTY LENDING

  12. Slide 12: Track Record of Strong Performance

    TRACK RECORD OF STRONG PERFORMANCE 2 Track Record RETURN ON EQUITY 2 (NI) OPERATING RETURN ON EQUITY 2 (NII) TSLX BDC Peers (Mean) BDC Peers Top Quartile¹ TSLX BDC Peers (Mean) BDC Peers Top Quartile¹ LTM Since TSLX IPO LTM Since TSLX IPO outperformance 13.2% 12.7% 13.5% 10.3% 10.2% 10.3% 10.8% 8.9%

  13. Slide 13: TSLX Annual Returns Since IPO

    TSLX ANNUAL RETURNS SINCE IPO 2 Track Record ROE on Adj. Net Income Economic Return 19.7% 19.1% 15.4% 15.9% 16.2% 15.5% 14.7% 15.5% 16.1% 14.5% 11.9% 13.0% 10.8% 12.1% 11.6% 11.7% 11.6% 11.3% 10.9% 10.0% 10.3% 7.6% 7.6% 7.6% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net Income / Sh

  14. Slide 14: Industry vs TSLX Unit Economics

    INDUSTRY VS TSLX UNIT ECONOMICS 2 Track Record Unit Economics (Since TSLX IPO) BDC Peers TSLX Return on Assets: All-in Yield (on Assets) 10.2% 13.4% Higher return on assets Cost of Funds2 (5.7%) (5.9%) Debt/Equity 0.96x 0.90x Net Interest Income Return (on Equity)1 14.5% 20.1% Management Fees3 (3.0%

  15. Slide 15: 3-Year Cumulative Change in NAV per Share

    3-YEAR CUMULATIVE CHANGE IN NAV PER SHARE 2 Track Record Q4’22 – Q4’25 20.0% 11.3% 10.0% 8.3% 4.2% 3.8% 3.8% 3.0% 2.3% 0.9% 0.6% 0.3% 0.0% -0.4%-0.4%-0.8%-1.1%-1.2% Median: -3.5% -3.3%-3.7%-4.0%-4.3% -6.1% -10.0% -7.2%-8.0% -8.6%-9.2%-9.4% -11.6% -13.5% -16.1%-17.0% -20.0% -30.0% -40.0% -37.6% -45.3

  16. Slide 16: Agenda

    AGENDA 1. Overview & Organization 3. Liquidity and Funding Profile 16 SIXTH STREET SPECIALTY LENDING

  17. Slide 17: Strong Liquidity and Funding Profile

    STRONG LIQUIDITY AND FUNDING PROFILE 3 Liquidity and Funding Profile CAPITAL & LIQUIDITY ROBUST BALANCE SHEET LIQUIDITY VS. NEAR-TERM OBLIGATIONS ($ in Millions) As of December 31, 2025 / $ Millions Near-term Obligations $1,142 $3 Cash Total Liquidity: $ 1,139 Undrawn Revolver $1.1BN1,2 Capacity1 $1

  18. Slide 18: Liquidity Management

    LIQUIDITY MANAGEMENT 3 Liquidity and Funding Profile CASH AND CASH EQUIVALENTS Unrestricted Cash Totaled $2.9 Million as of December 31, 2025. Restricted Cash Related to Interest Rate Swaps Totaled $16.7 Million 1 Revolving Credit Facility Unsecured Notes $1.675 Billion Committed; Uncommitted Accord

  19. Slide 19: Strong Asset Coverage for Outstanding Debt

    STRONG ASSET COVERAGE FOR OUTSTANDING DEBT 3 Liquidity and Funding Profile TSLX Asset Coverage for Unsecured Notes1 Unsecured Debt over Total Debt Outstanding 68% 71% 71% 67% 66% 2.3x 2.3x 2.3x 2.3x 2.3x 2.3x 49% Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Asset coverage

  20. Slide 20: A Disciplined Approach to Liquidity & Capital Management

    A DISCIPLINED APPROACH TO LIQUIDITY & CAPITAL MANAGEMENT 3 Liquidity and Funding Profile ($ in Millions) Revolving Credit Facility Renewal Unsecured Bonds Issued Convertible Notes Issued Equity Issued DRIP Equity $36 $25 1.60x $94 $90 $23 $21 $130 $300 $350 1.40x $300 $22 $78 $10 $300 1.20x $16 $10

  21. Slide 21: SLX Historical Dividend Coverage

    SLX HISTORICAL DIVIDEND COVERAGE 3 Liquidity and Funding Profile 49 1.00 0.90 Sequential Quarters of Stable or Increasing 0.80 Base Dividends per Share 0.70 $0.63 $0.64 $0.60 $0.62 $0.61 $0.59 $0.58 $0.58 $0.58 0.60 $0.57 $0.56 $0.55 $0.55 $0.53 $0.53 $0.52 $0.49 0.50 $0.45 $0.47 $0.09 $0.08 $0.06 $

  22. Slide 22: Agenda

    AGENDA 1. Overview & Organization 4. Credit Highlights 22 SIXTH STREET SPECIALTY LENDING

  23. Slide 23: Credit Highlights – TSLX vs BDC Peers

    CREDIT HIGHLIGHTS – TSLX VS BDC PEERS 4 Credit Highlights Long Term Credit Ratings ROE (NI) % Debt % Non-Accrual Since ($ in millions) Ticker Moody's S&P Fitch KBRA Assets Debt1 Unsecured5 1st Lien2 (FV) LTM3 TSLX IPO4 Sixth Street Specialty Lending TSLX Baa2 (stable) BBB- (positive) BBB (positive)

  24. Slide 24: Credit Highlights – TSLX vs BDC Peers

    CREDIT HIGHLIGHTS – TSLX VS BDC PEERS 4 Credit Highlights Long Term Credit Ratings Key Credit Metrics Debt Debt Interest Interest & Dividend Q4 Base Dividend ($ in millions) Ticker Moody's S&P Fitch KBRA / Equity1 / Assets1 Coverage2 Coverage3 Coverage4 Sixth Street Specialty Lending TSLX Baa2 (stab

  25. Slide 25: Agenda

    AGENDA 1. Overview & Organization 5. Principles and Investment Strategy 6. Appendix 25 SIXTH STREET SPECIALTY LENDING

  26. Slide 26: Differentiated Platform Expertise

    DIFFERENTIATED PLATFORM EXPERTISE 5 Principles and Investment Strategy DIFFERENTIATED MAINTAIN A LOW PLATFORM DISCIPLINED SECTOR FOCUSED RISK VOLATILITY EXPERTISE AND APPROACH MANAGEMENT PORTFOLIO CAPABILITIES • Source away from Wall • Late cycle-minded sector • Cover the downside • Avoid risks that

  27. Slide 27: Sourcing and Underwriting Overview

    SOURCING AND UNDERWRITING OVERVIEW 5 Principles and Investment Strategy Sourcing Underwriting Asset Management Process: Process: Process: • Credit originators / team • Quick Look memo • Performing Loans – Monthly review of operating performance • Weekly pipeline conference calls • Prepare Investment

  28. Slide 28: Differentiated Platform Expertise and Capabilities

    DIFFERENTIATED PLATFORM EXPERTISE AND CAPABILITIES 5 Principles and Investment Strategy Sourcing Voting Control TSLX Portfolio Construction Intermediary/ Market Relationship No Voting 1% Control 25% $20-105 Predominantly, million floating rate, first position size lien / senior secured US and Target

  29. Slide 29: Net Interest Margin Analysis

    NET INTEREST MARGIN ANALYSIS 5 Principles and Investment Strategy 1 Weighted Average Total Yield on Debt and Income Producing Securities at Amortized Cost Weighted Average Interest Rate of Debt and Income Producing Securities at Fair Value Weighted Average Spread Over Reference Rate of All Floating

  30. Slide 30: Disciplined Sector Approach

    DISCIPLINED SECTOR APPROACH 5 Principles and Investment Strategy GOOD BUSINESSES WITH CHALLENGED BUSINESS GOOD BUSINESSES WITH 1 2 3 GOOD CAPITAL STRUCTURE MODELS WITH GOOD ASSETS CHALLENGING CAPITAL STRUCTURE Note: Reflects current and fully realized investments; selected to represent a variety of

  31. Slide 31: Low Cyclical Exposure

    Q1'13 626 31% 31% Q2'13 787 25% 25% Q3'13 22% 889 26% Q4'13 22% 1,016 26% Q1'14 19% 1,196 28% Q2'14 20% 1,129 24% Q3'14 18% 28% 1,233 Q4'14 12% 20% 1,264 $ Millions by Fair Value Q1'15 10% 18% 1,331 Q2'15 8% 17% 1,398 Investments at Fair Value Q3'15 7% 16% 1,396 Q4'15 7% 10% 1,486 Q1'16 7% 9% 1,564

  32. Slide 32: Diversification Across Borrowers & Industries

    DIVERSIFICATION ACROSS BORROWERS & INDUSTRIES 5 Principles and Investment Strategy Top 10 Borrower Diversification Industry Diversification Bcto Ace Purchaser Inc ExtraHop Networks, Inc. Internet Services Business Services EDB Parent, LLC Payscale Holdings Inc. Retail and consumer products Human Res

  33. Slide 33: Portfolio Diversification Across Borrowers

    Q1'13 626 70% Q2'13 787 61% Q3'13 889 57% Q4'13 1,016 54% Q1'14 1,196 50% Q2'14 1,129 50% Q3'14 1,233 49% Q4'14 1,264 48% $ Millions by Fair Value Q1'15 1,331 47% Q2'15 44% 1,398 Q3'15 43% 1,396 Q4'15 41% 1,486 Q1'16 39% 1,564 Q2'16 38% 1,611 Q3'16 36% 1,644 Q4'16 36% 1,657 Q1'17 38% 1,580 Q2'17 40%

  34. Slide 34: Asset Vintage Diversity

    ASSET VINTAGE DIVERSITY 5 Principles and Investment Strategy Fair Value by Vintage Debt Investments by Maturity $ Millions by Fair Value $ Millions by Fair Value 22% 23% $744 25% $711 $789 22% 17% $693 16% 18% $534 $508 $569 15% 12% 13% $484 $378 $409 5% $165 4% 2% 2% 2% $98 $78 $75 $79 1% $36 NA NA

  35. Slide 35: High Quality Portfolio

    HIGH QUALITY PORTFOLIO 5 Principles and Investment Strategy SLX Weighted Average Portfolio Performance Rating SLX % of Investments on Non-Accrual By Fair Value % of Portfolio Rated 1 or 2 By Fair Value By Amortized Cost 98% 97% 98% 99% 99% 3.7% 3.7% 2.1% 2.0% 2.1% 1.10 1.11 1.10 1.12 1.13 1.4% 1.2%

  36. Slide 36: Originations and Funding Activity

    ORIGINATIONS AND FUNDING ACTIVITY 5 Principles and Investment Strategy $ Billions Origination sizes: Up to $500+ million $53.3 Target investment holds: $30 – $100 million Target position size: $20 – $105 million $11.8 $41.6 $3.3 $9.1 Originations 1 Syndications and Fundings 1 Realizations, Portfolio

  37. Slide 37: Agenda – Appendix

    AGENDA 1. Overview & Organization 6. Appendix 37 SIXTH STREET SPECIALTY LENDING

  38. Slide 38: TSLX Valuation Process: Internal, External & Board Level Review

    TSLX VALUATION PROCESS: INTERNAL, EXTERNAL & BOARD LEVEL REVIEW 25+ people 15+ people 100+ people 100+ people 100+ people 11 people Complete Initial Preliminary Final Valuation Audit Committee Board of Portfolio Review of Draft of Valuation Committee Meeting Directors Reviews Valuation Valuation Com

  39. Slide 39: BDC Sector Price-to-Book

    BDC SECTOR PRICE-TO-BOOK Price-to-Book vs. ROE on Net Income (Since TSLX IPO) Average Price-to-Book1 1.3x Annualized ROE (on NI): • TSLX: 13.2% • BDC Peers Mean: 7.7% 1.2x TSLX • BDC Peers Median: 6.7% BDC 11 1.1x BDC 6 BDC 20 1.0x BDC 1 BDC 9 BDC 8 BDC 12 BDC 26 BDC 22 BDC 28 BDC 16 BDC 24 BDC 13 B

  40. Slide 40: Thorough Origination, Underwriting and Negotiation Process

    THOROUGH ORIGINATION, UNDERWRITING AND NEGOTIATION PROCESS ORIGINATION UNDERWRITING & APPROVAL NEGOTIATION & CLOSING Input / Output Process Bottleneck Make Decision Simultaneous Process Pre-cmt. Create Expense checklist Start Ledger for Out-of- Pocket Expenses Issue Commitment Legal & Final KYC Proc

  41. Slide 41: Financial Highlights

    FINANCIAL HIGHLIGHTS DOLLAR AMOUNTS IN THOUSANDS Except Per Share Data; Per Share Data is Based on Weighted Average Shares Outstanding During the Period, Except as Otherwise Noted Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Net Investment Income Per Share $0.62 $0.62 $0.54 $0.54 $0.53 Net Income (Loss)

  42. Slide 42: Portfolio Highlights – Selected Metrics

    PORTFOLIO HIGHLIGHTS – SELECTED METRICS DOLLAR AMOUNTS IN THOUSANDS December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 30, 2025 Investments at Fair Value $3,518,412 $3,412,032 $3,294,905 $3,376,311 $3,347,317 Number of Portfolio Companies 116 115 109 145 143 Average Investmen

  43. Slide 43: Quarterly Statements of Financial Condition

    QUARTERLY STATEMENTS OF FINANCIAL CONDITION DOLLAR AMOUNTS IN THOUSANDS Except Per Share Data; Per Share Data is Based on Ending Shares Outstanding December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 Assets Investments at Fair Value $3,518,412 $3,412,032 $3,294,905 $3

  44. Slide 44: Net Asset Value Bridge – Q4'25

    NET ASSET VALUE BRIDGE – Q4’25 $0.02 $0.52 ($0.10) $17.14 ($0.46) $17.09 $17.11 $0.04 $16.98 $16.97 ($0.03) ($0.03) ($0.12) ($0.01) 9/30/2025 Q3'25 9/30/25 Q4'25 Q4'25 Q4'25 Q4'25 NAV Q4'25 Q4'25 Q4'25 12/31/25 Q4'25 12/31/25 1 2 Supplemental Adjusted NAV Adjusted Net Reversal of Reversal of Net Bas

  45. Slide 45: Net Asset Value Bridge – 2025

    NET ASSET VALUE BRIDGE – 2025 $0.05 ($0.32) $2.18 ($1.84) $17.16 $0.05 $0.12 $17.06 $0.04 $16.97 $17.09 ($0.29) $16.98 ($0.07) ($0.11) ($0.01) 12/31/2024 Q4'24 12/31/24 2025 2025 2025 2025 Q1'25 - Q3'25 NAV 2025 2025 2025 2025 12/31/25 Q4'25 12/31/25 1 NAV Supplemental Adjusted NAV Adjusted Net Accr

  46. Slide 46: Our Drivers of ROE

    OUR DRIVERS OF ROE Illustrative Unit Economics / Return on Equity Return on Assets: Return on Assets Weighted Average Interest Rate of Portfolio 10.6% Amortization of upfront fees1 0.9% Total Yield on Debt and Income Producing Securities 11.5% Impact of Additional fees2 0.7% Prudent Use of Leverage

  47. Slide 47: Illustrative Interest Coverage Throughout Cycles

    ILLUSTRATIVE INTEREST COVERAGE THROUGHOUT CYCLES Illustrative Interest Coverage Illustrative Interest Coverage Debt to Equity Debt to Equity 300.91% 0.90x 0.95x 1.00x 1.05x 1.10x 1.25x 300.91% 0.90x 0.95x 1.00x 1.05x 1.10x 1.25x 10.0% 2.60x 2.58x 2.56x 2.54x 2.52x 2.47x 5.50% 3.99x 3.89x 3.79x 3.71x

  48. Slide 48: Illustrative ROE Throughout Cycles

    ILLUSTRATIVE ROE THROUGHOUT CYCLES Illustrative ROE Illustrative Interest ROE Coverage Debt to Equity DebtDebt to Equity to Equity 11.04% 0.90x 0.95x 1.00x 1.05x 1.10x 1.25x 11.04% 0.90x 0.95x 1.00x 1.05x 1.10x 1.25x 10.0% 6.4% 6.6% 6.7% 6.8% 7.0% 7.4% 5.50% 11.0% 11.2% 11.4% 11.6% 11.7% 12.3% 10.5%

  49. Slide 49: Book Value per Share and Dividends Paid per Share

    Q4'11 $14.71 $0.00 $14.71 Q1'12 $14.88 $0.06 $14.94 Q2'12 $14.92 $0.22 $15.14 Q3'12 $15.12 $0.54 $15.66 Q4'12 $15.19 $0.90 $16.09 Q1'13 $15.27 $1.23 $16.50 Note: As of 12/31/2025. Q2'13 $15.29 $1.61 $16.90 Q3'13 $15.35 $2.01 $17.36 Q4'13 $15.52 $2.39 $17.91 Q1'14 $15.51 $2.79 $18.30 Q2'14 $15.70 $3.

  50. Slide 50: SCP Overview

    SCP OVERVIEW • Structured Credit Partners JV, LLC (“SCP”) is a joint venture that will invest in broadly syndicated loans financed with long-term, non-mark-to-market, and predominantly investment grade rated CLO debt 1. STRUCTURE • Each pool of loans will be 100% owned by SCP and managed respectivel

  51. Slide 51: Simplified Organizational Structure

    1 STRUCTURE SIMPLIFIED ORGANIZATIONAL STRUCTURE 50%/50% Economic and Governance Split Between Carlyle-Managed and Sixth Street-Managed BDCs1 Carlyle Secured Lending, Carlyle Credit Sixth Street Specialty Sixth Street Lending Inc. (CGBD) Solutions, Inc. Lending, Inc. (TSLX) Partners ($150mm) ($150mm)

  52. Slide 52: Value to SLX Stakeholders

    2 VALUE TO SLX STAKEHOLDERS VALUE PROPOSITION IMPACT TO SLX ROE Illustrative Unit Economics | Return on Equity CLOs owned by SCP are expected to generate 400–500+ bps of excess return versus market sourced, fee-bearing CLOs Existing Portfolio + Fully Ramped SCP Fully Ramped SCP Existing Mid-teens ex

  53. Slide 53: Differentiated Structure

    3 DIFFERENTIATED STRUCTURE Fee-Free Advantage: No fees at CLO or JV level provide SCP a substantial economic advantage NAV Protection: BDCs hold JV interests, to invest directly in BSLs financed with CLO debt, providing tools to maintain net asset value over the program life Strategic Control: Joint

  54. Slide 54: Highly Seasoned Managers

    4 HIGHLY SEASONED MANAGERS CARLYLE LIQUID CREDIT SIXTH STREET PUBLIC MARKETS • Having issued its first CLO in 1999, Carlyle has a • Sixth Street has a 16+ year liquid credit investing track demonstrated track record managing CLOs over multiple record with $60+ billion of capital deployed across liqu

  55. Slide 55: Sixth Street Responsible Investment Overview

    SIXTH STREET RESPONSIBLE INVESTMENT OVERVIEW WHAT WE BELIEVE RI AND ESG GOVERNANCE EMPLOYEE TRAINING • Our mission is to deliver • Senior oversight through • Sixth Street provides training compelling risk-adjusted ESG Oversight and other tools to its returns while conducting our Committee includes e

  56. Slide 56: Differentiated Investor Transparency and Communication

    DIFFERENTIATED INVESTOR TRANSPARENCY AND COMMUNICATION Letter to Stakeholders – Quarterly Debt & Equity Investor Presentations April 2025 & November 2025 Regional Banking Crisis – Valuation Principles – Covid-19 Pandemic – 2020 March 2023 August 2022 56 SIXTH STREET SPECIALTY LENDING

  57. Slide 57: Footnotes

    FOOTNOTES SIXTH STREET SPECIALTY LENDING

  58. Slide 58: Footnotes

    FOOTNOTES Slide 4: Overview 1. Reflects NAV per share adjusted for the supplemental dividend per share related to Q4 2025 earnings 2. Moody’s rating upgraded 2/14/2025; S&P rating outlook changed to positive on 12/11/2025; Fitch rating affirmed on 4/14/2025; KBRA affirmed 6/4/2025 Slide 5: Sixth Str

  59. Slide 59: Footnotes

    FOOTNOTES Slide 18: Liquidity Management 1. Includes $150 million of remaining non-extending commitments with a maturity of April 23, 2027 and a revolving period ending April 24, 2026. The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facilit

  60. Slide 60: Footnotes

    FOOTNOTES Slide 41: Financial Highlights 1. Adjusted to exclude the capital gains incentive fee expense that was accrued, but not paid, related to cumulative unrealized capital gains in excess of cumulative net realized capital gains less any cumulative unrealized losses and capital gains incentive

  61. Slide 61: TSLX Investor Relations

    CONTACT US: TSLX Investor Relations IRTSLX@sixthstreet.com VISIT US: www.sixthstreetspecialtylending.com 61 SIXTH STREET SPECIALTY LENDING

Sixth Street Specialty Lending — Debt Investor Presentation (March 2026) on 6ix