Sixth Street Specialty Lending plans to price fixed-rate notes

By Marisa Wong

Los Angeles, Jan. 8 – Sixth Street Specialty Lending, Inc. is offering fixed-rate notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call, followed by an optional par call.

The notes will also be putable at par if a change-of-control repurchase event occurs.

BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. are the joint bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Simpson Thacher & Bartlett LLP and Morris, Nichols, Arsht & Tunnell LLP will advise the company on legal matters. Ropes & Gray LLP will act as counsel for the underwriters.

The company plans to use proceeds from the new notes to pay down a portion of the outstanding debt on its revolving credit facility. As of Sept. 30, aggregate commitments under the facility were roughly $1.71 billion.

The externally managed, closed-end, non-diversified management investment company is based in Dallas.

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