Simpson Thacher represented Sixth Street Specialty Lending, Inc., a publicly traded business development company (“TSLX”), in its offering of $300,000,000 aggregate principal amount of its 5.625% Notes due 2030. TSLX intends to use the net proceeds from the offering to pay down debt under its revolving credit facility. The transaction closed on February 25, 2025.
TSLX 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.
Sixth Street Specialty Lending Advisers, LLC, an affiliate of Sixth Street Partners, is TSLX’s investment adviser.
The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Andrew Jones and Earl Quermorllue (Registered Funds); and Russell Light, Caroline Phillips and Sean Largey (Tax).