Sixth Street Specialty Lending, Inc. Prices Public Offering of Common Stock
01 Marzo 2024 - 1:57AM
Business Wire
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) (“TSLX”
or the “Company”) announced today that it has priced a
public offering of 4,000,000 shares of its common stock for total
gross proceeds of approximately $83.4 million. In connection with
the offering, the Company has granted the underwriters for the
offering an option to purchase up to an additional 600,000 shares
of its common stock. The offering is subject to customary closing
conditions, and the shares are expected to be delivered on or about
March 5, 2024.
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, the
Company 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.
Morgan Stanley, Wells Fargo Securities, BofA Securities, RBC
Capital Markets, Keefe, Bruyette & Woods, A Stifel Company,
Raymond James, Citigroup, Goldman Sachs & Co. LLC and J.P.
Morgan are acting as joint book-running managers for this
offering.
Investors are advised to carefully consider the investment
objectives, risks, charges and expenses of the Company before
investing. The preliminary prospectus supplement dated February 29,
2024, and the accompanying prospectus dated December 22, 2023,
which have been filed with the Securities and Exchange Commission
(the “SEC”), contain this and other information about the Company
and should be read carefully before investing.
The information in the preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and
may be changed. The preliminary prospectus supplement, the
accompanying prospectus and this press release are not offers to
sell any securities of TSLX and are not soliciting an offer to buy
such securities in any state or jurisdiction where such offer and
sale is not permitted.
An effective shelf registration statement relating to these
securities is on file with the SEC. The offering may be made only
by means of a preliminary prospectus supplement and an accompanying
prospectus, copies of which may be obtained from: Morgan Stanley
& Co. LLC, 180 Varick Street, 2nd Floor, New York, New York
10014, Attn: Prospectus Department.
About Sixth Street Specialty Lending, Inc.
Sixth Street Specialty Lending, Inc. is a specialty finance
company focused on lending to middle-market companies. The Company
seeks to generate current income primarily in U.S.-domiciled
middle-market companies through direct originations of senior
secured loans and, to a lesser extent, originations of mezzanine
loans and investments in corporate bonds and equity securities. The
Company has elected to be regulated as a business development
company, or a BDC, under the Investment Company Act of 1940 and the
rules and regulations promulgated thereunder. The Company is
externally managed by Sixth Street Specialty Lending Advisers, LLC,
an affiliate of Sixth Street and an SEC registered investment
adviser. The Company leverages the deep investment, sector, and
operating resources of Sixth Street, a global investment firm with
over $75 billion in assets under management as of December 31,
2023.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements,” which relate to future events or the Company’s future
performance or financial condition. These forward-looking
statements are not historical facts, but rather are based on
current expectations, estimates and projections about the Company,
its current and prospective portfolio investments, its industry,
its beliefs and opinions, and its assumptions. Words such as
“anticipates,” “expects,” “intends,” “plans,” “will,” “may,”
“continue,” “believes,” “seeks,” “estimates,” “would,” “could,”
“should,” “targets,” “projects,” “outlook,” “potential,” “predicts”
and variations of these words and similar expressions are intended
to identify forward-looking statements. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the
Company’s control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements including, without limitation, the
risks, uncertainties and other factors identified in the Company’s
filings with the SEC. Investors should not place undue reliance on
these forward-looking statements, which apply only as of the date
on which the Company makes them. The Company does not undertake any
obligation to update or revise any forward-looking statements or
any other information contained herein, except as required by
applicable law.
Source: Sixth Street Specialty Lending, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240229838976/en/
Investors: Cami VanHorn, 469-621-2033 Sixth Street Specialty
Lending IRTSLX@sixthstreet.com Media: Patrick Clifford,
617-793-2004 Sixth Street PClifford@sixthstreet.com
Grafico Azioni Sixth Street Specialty L... (NYSE:TSLX)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Sixth Street Specialty L... (NYSE:TSLX)
Storico
Da Gen 2024 a Gen 2025