Simpson Thacher represented Sixth Street Lending Partners (“SSLP”) in its offering of $150,000,000 aggregate principal amount of its 6.5% Notes due 2029. The Notes are a further issuance of, and form a single series with, the previously issued $600,000,000 aggregate principal amount of 6.5% notes due 2029 on March 11, 2024. SSLP intends to use the net proceeds from the offering to pay down a portion of its outstanding indebtedness. The transaction closed on June 17, 2024.
SSLP is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. SSLP had approximately $4.4 billion of investments at fair value as of March 31, 2024. SSLP’s investment objective is to generate current income by targeting investments with favorable risk-adjusted returns.
Sixth Street Lending Partners Advisers, LLC, an affiliate of Sixth Street Partners, is SSLP’s investment adviser.
The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Andrew Jones and Earl Quermorllue (Registered Funds); Katharine Thompson (Capital Markets); and Russell Light, Caroline Phillips and Zev Klein (Tax).