NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced today that it has launched a public offering of 4,000,000 shares of its common stock. TSLX also plans to grant the underwriters for the offering an option to purchase up to an additional 600,000 shares of its common stock. The offering will be made pursuant to a registration statement, which has been filed with, and declared effective by, the Securities and Exchange Commission. The completion of the proposed offering depends upon several factors, including market and other conditions.
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, BofA Securities, Wells Fargo Securities, Goldman Sachs & Co. LLC, Keefe, Bruyette & Woods, A Stifel Company, Raymond James, RBC Capital Markets, and JMP Securities are acting as joint book-running managers for this offering.
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 and unsecured loans and investments in corporate bonds and equity securities. The Company has elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSLX is externally managed by Sixth Street Specialty Advisers, LLC, an affiliate of Sixth Street and an SEC registered investment adviser. TSLX leverages the deep investment, sector, and operating resources of Sixth Street Partners, LLC, a global investment firm with over $50 billion of assets under management as of December 31, 2020.
