Sixth Street Specialty lifts revolver to $1 billion, extends maturity

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – Sixth Street Specialty Lending Partners amended its senior secured revolving credit facility dated Jan. 19, 2023 on Thursday to increase commitments to $1 billion and extend the maturity date to Feb. 8, 2029, according to an 8-K filing with the Securities and Exchange Commission.

Previously, commitments were at $750 million, and the maturity date was Feb. 8, 2028.

Additionally, the accordion was increased such that the company may increase the size of the facility to up to $1.75 billion from up to $1 billion previously.

Truist Bank is the administrative agent.

Truist Securities is a joint bookrunner along with JPMorgan Chase Bank, NA. JPMorgan is the syndication agent.

Truist, JPMorgan, Barclays Bank plc, Mizuho Bank, Ltd., Royal Bank of Canada, State Street Bank and Trust Co., Sumitomo Mitsui Banking Corp. and Wells Fargo Bank, NA are the joint lead arrangers.

Sixth Street Specialty Lending is the direct credit investment platform of the global investment firm Sixth Street, which is based in Dallas.

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