2023-08-08 05:38:08 ET
- Sixth Street Specialty Lending ( NYSE: TSLX ) priced an underwritten public offering of $300M in aggregate principal amount of 6.950% notes due 2028.
- The notes will mature on August 14, 2028 and may be redeemed in whole or in part at TSLX’s option.
- Net proceeds will be used to pay down outstanding debt under its revolving credit facility. However, through re-borrowing under the revolving credit facility.
- The company intends to enter into an interest rate swap to better align the interest rates of its liabilities with its investment portfolio, which consists of predominately floating rate loans.
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Sixth Street Specialty Lending prices $300M notes