Sixth Street Lending Partners Prices Offering of $600.0 million 5.750% Notes due 2030
September 09 2024 - 6:49PM
Business Wire
Sixth Street Lending Partners (“SSLP” or the
“Company”) announced today that it has priced an offering of
$600.0 million in aggregate principal amount of 5.750% notes due
2030 (the “Notes”). The Notes will mature on January 15,
2030, and may be redeemed in whole or in part at SSLP’s option at
any time at par plus a “make-whole” premium, if applicable. The
offering is subject to customary closing conditions and is expected
to close on or about September 16, 2024.
SSLP expects to use the net proceeds of the offering to pay down
outstanding debt under its revolving credit facility and/or its
subscription facility. However, through re-borrowing under the
revolving credit facility and the subscription facility, SSLP
intends to make new investments in accordance with its investment
objectives and strategies outlined in the preliminary offering
memorandum described below in greater detail.
Investors are advised to carefully consider the investment
objectives, risks, charges and expenses of the Company before
investing.
The Notes offered have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any
state securities laws. The Notes may not be offered or sold in the
United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. The Notes were
offered, by the initial purchasers, only to persons reasonably
believed to be “qualified institutional buyers” in reliance on the
exemption from registration provided by Rule 144A under the
Securities Act and to certain non-U.S. persons in offshore
transactions in reliance on Regulation S under the Securities
Act.
This press release is being issued pursuant to and in
accordance with Rule 135c under the Securities Act, and it is
neither an offer to sell nor a solicitation of an offer to buy any
securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the Notes or any
other securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Sixth Street Lending Partners
Sixth Street Lending Partners is a specialty finance company
focused on lending to upper middle-market companies. The Company
seeks to generate current income primarily in U.S.-domiciled upper
middle-market companies through direct originations of senior
secured loans and, to a lesser extent, originations of mezzanine
loans and unsecured loans and investments in corporate bonds,
equity securities, and other instruments. The Company has elected
to be regulated as a business development company, or a BDC, under
the Investment Company Act of 1940 and the rules and regulations
promulgated thereunder. The Company is externally managed by Sixth
Street Lending Partners Advisers, LLC, an affiliate of Sixth Street
and an SEC registered investment adviser. The Company leverages the
deep investment, sector, and operating resources of Sixth Street, a
global investment firm with over $78 billion in assets under
management as of June 30, 2024.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended. Statements
included herein may constitute “forward-looking statements,” which
relate to future events or the Company’s future performance or
financial condition. These forward-looking statements are not
historical facts, but rather are based on current expectations,
estimates and projections about the Company, its current and
prospective portfolio investments, its industry, its beliefs and
opinions, and its assumptions. Words such as “anticipates,”
“expects,” “intends,” “plans,” “will,” “may,” “continue,”
“believes,” “seeks,” “estimates,” “would,” “could,” “should,”
“targets,” “projects,” “outlook,” “potential,” “predicts” and
variations of these words and similar expressions are intended to
identify forward-looking statements. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the
Company’s control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements including, without limitation, the
risks, uncertainties and other factors identified in the Company’s
filings with the SEC. Investors should not place undue reliance on
these forward-looking statements, which apply only as of the date
on which the Company makes them. The Company does not undertake any
obligation to update or revise any forward-looking statements or
any other information contained herein, except as required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240909358165/en/
Investors: Cami VanHorn, 469-621-2033 Sixth Street Lending
Partners IRSSLP@sixthstreet.com
Media: Patrick Clifford, 617-793-2004 Sixth Street
PClifford@sixthstreet.com