Sixth Street Lending Partners to pay down revolver with note proceeds

By Angela McDaniels

Tacoma, Wash., March 4 – Sixth Street Lending Partners priced $600 million of notes and expects to use the proceeds to pay down outstanding debt under its revolving credit facility and/or its subscription facility, according to a company news release.

Through reborrowing under the revolving credit facility and the subscription facility, the company plans to make new investments in accordance with its investment objectives and strategies.

The 6.5% notes due 2029 (Baa3//BBB-) priced on Monday and are expected to settle on March 11.

Sixth Street is a New York specialty finance company focused on lending to upper middle-market companies.

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