other material
confidence high
sentiment neutral
materiality 0.55
Sixth Street Specialty Lending provides updated leverage figures ahead of $79.2M common stock offering
Sixth Street Specialty Lending, Inc.
- As of May 8, 2023, debt-to-equity ratio estimated at 1.30x, up from 1.20x at March 31.
- Net fundings of $130.5M from March 31 to May 8, including $159.4M new investments.
- Offering expected to raise $79.2M, proceeds to repay revolver, reducing debt/equity to ~1.18x.
- Total liquidity was $612.7M as of March 31, with $1,121M drawn on revolver as of May 8.
- New investments expected to generate risk-adjusted returns above cost of capital.