Sixth Street Specialty Lending extends revolver, now $1.59 billion

By Wendy Van Sickle

Columbus, Ohio, April 29 – Sixth Street Specialty Lending, Inc. increased its revolving credit facility to $1,585,000,000 from $1.51 billion on April 25, according to an 8-K filing with the Securities and Exchange Commission.

Sixth Street also extended the termination date of the revolving period for $1.51 billion of commitments to April 24, 2026 and the maturity date to April 23, 2027.

Further, the minimum borrower net worth and liquidity test financial covenants were removed and provisions were updated to provide for term SOFR as the reference rate for dollar loans.

The credit agreement is originally dated Feb. 27, 2014.

Sixth Street Specialty Lending is the direct credit investment platform of the global investment firm TPG Specialty Lending, Inc., which is based in Fort Worth.

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