Sixth Street Lending Partners: debt financing — Sixth Street Lending Partners issues $600M of 6.500% notes due 2029

Sixth Street Lending Partners

$600M aggregate principal of 6.500% notes due March 11, 2029, issued March 11, 2024.
Interest payable semiannually on March 11 and September 11, starting September 11, 2024.
Net proceeds to repay outstanding borrowings under revolving credit and/or subscription facility.
Notes are unsecured; redeemable at Company's option; change-of-control repurchase at 100% plus accrued interest.
Company enters registration rights agreement for exchange offer or shelf registration; failure triggers additional interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sixth Street Lending Partners incurred senior notes of $600,000,000 aggregate principal amount at 6.500% maturing March 11, 2029.

Instrument: senior notes
Principal: $600,000,000 aggregate principal amount
Rate: 6.500%
Maturity: March 11, 2029
Event: incurrence

Exact text from the filing

the Company’s issuance, offer and sale of $600,000,000 aggregate principal amount of its 6.500% notes due 2029 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Sixth Street Lending Partners entered into Indenture (Base Indenture and First Supplemental Indenture) with U.S. Bank Trust Company, National Association valued at $600,000,000 6.500% Notes due 2029 (effective 2024-03-11).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $600,000,000 6.500% Notes due 2029
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, Sixth Street Lending Partners (the “Company”) and U.S. Bank Trust Company, National Association (the “Trustee”), entered into a First Supplemental Indenture (the “First Supplemental Indenture”) to the Indenture, dated as of March 11, 2024, between the Company and the Trustee (the “Base Indenture”; and together with the First Supplemental Indenture, the “Indenture”), relating to the Company’s issuance, offer and sale of $600,000,000 aggregate principal amount of its 6.500% notes due 2029 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Sixth Street Lending Partners entered into Registration Rights Agreement with BofA Securities, Inc. valued at Registration rights obligations for the Notes (effective 2024-03-11).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc.
Value: Registration rights obligations for the Notes
Effective: 2024-03-11

Exact text from the filing

In connection with the offering of the Notes, the Company entered into a Registration Rights Agreement, dated as of March 11, 2024 (the “Registration Rights Agreement”), with BofA Securities, Inc., as representative of the several initial purchasers of the Notes.

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Source: SEC EDGAR

accession 0001193125-24-069137

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