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Sixth Street Specialty Lending, Inc. reports developments for a business development company focused on lending to U.S.-domiciled middle-market companies. The company originates senior secured loans and, to a lesser extent, mezzanine loans, corporate bonds and equity securities, with external management by Sixth Street Specialty Lending Advisers, LLC.
Recurring updates include quarterly and annual financial results, base and supplemental dividend declarations, conference-call notices, stakeholder letters, capital-structure disclosures and board or executive leadership changes. News also reflects the company’s role as a specialty finance lender tied to direct origination activity, portfolio income and governance under the Investment Company Act of 1940.
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) has launched a public offering of 4,000,000 shares of common stock, with an option for underwriters to purchase an additional 600,000 shares. Proceeds will be used to reduce outstanding debt under its revolving credit facility, enabling new investments in line with company objectives. The SEC has declared the registration statement effective, with several financial institutions acting as joint book-running managers. Investors should evaluate the associated risks and expenses before participating in the offering.
Sixth Street Specialty Lending (NYSE: TSLX) reported its financial results for the full year and Q4 ended December 31, 2020. The Company focuses on lending to middle-market companies, generating current income through senior secured loans, mezzanine loans, and corporate investments. It is regulated as a business development company (BDC) and managed by Sixth Street Specialty Lending Advisers, LLC. The firm boasts over $50 billion in assets under management. A conference call discussing these results is scheduled for February 18, 2021.
Sixth Street Specialty Lending (NYSE: TSLX) has expanded its Revolving Credit Facility from $1.335 billion to $1.485 billion and extended its maturity date to February 4, 2026. This extension impacts $1.390 billion of commitments, with participation from 20 banks led by Truist Securities, JPMorgan Chase, and MUFG Union Bank. An accordion feature has also been increased from $1.75 billion to $2 billion, allowing for potential upsizing. Notably, pricing and advance rates remain unchanged.
Sixth Street Specialty Lending (NYSE:TSLX) has announced a public offering of $300 million in 2.500% notes maturing on August 1, 2026. The proceeds will be used to pay down existing debt, while allowing TSLX to reinvest into new opportunities aligned with its investment strategy. Additionally, TSLX plans to enter into an interest rate swap to match its liabilities with its floating-rate investment portfolio. The offering is set to close on February 3, 2021, pending customary conditions.
Sixth Street Specialty Lending (TSLX) will release its fourth quarter and fiscal year 2020 financial results on February 17, 2021, after market close. A conference call to discuss the results is scheduled for February 18, 2021, at 8:30 a.m. ET, available via TSLX’s website or by phone. The company specializes in lending to middle-market firms and is externally managed by an SEC-registered investment adviser. It operates under the Business Development Company model, focusing on senior secured loans and investments in equity securities.
Sixth Street Specialty Lending, Inc. (TSLX) reported its third-quarter financial results for 2020, showcasing its strategy in middle-market lending. The company focuses on generating current income through senior secured loans, mezzanine loans, and corporate investments. As of June 30, 2020, TSLX managed approximately $48 billion in assets under management. A conference call discussing these results is scheduled for November 5, 2020, at 8:30 a.m. ET. The results outline the company’s positioning in the market and its commitment to investor resources.
Sixth Street Specialty Lending (NYSE: TSLX) announced a technical error in its dividend reinvestment plan, resulting in all shareholders receiving their dividend for the October 15, 2020 payment date in cash, instead of only those opting out. The record date remains September 15, 2020. The company expects the issue to be resolved for future payments and recommends that shareholders confirm their dividend election preferences with their brokers.
Sixth Street Specialty Lending (NYSE: TSLX) announced its financial results for Q3 2020 will be released on November 4, 2020, after market close. A conference call to discuss these results is scheduled for November 5, 2020, at 8:30 AM ET. The call will be accessible via the Company’s website and through direct dialing options for domestic and international participants. The Company specializes in lending to middle-market firms using senior secured loans and mezzanine financing. As of August 2020, it is managed by an affiliate of Sixth Street, overseeing approximately $47 billion in assets.