Sixth Street Specialty Lending, Inc. Reports Full Year and Q4 2020 Earnings Results; Declares a Special Dividend Per Share of $1.25, a First Quarter Base Dividend Per Share of $0.41, and a Fourth Quarter Supplemental Dividend Per Share of $0.05

Rhea-AI Summary

Sixth Street Specialty Lending (NYSE: TSLX) reported its financial results for the full year and Q4 ended December 31, 2020. The Company focuses on lending to middle-market companies, generating current income through senior secured loans, mezzanine loans, and corporate investments. It is regulated as a business development company (BDC) and managed by Sixth Street Specialty Lending Advisers, LLC. The firm boasts over $50 billion in assets under management. A conference call discussing these results is scheduled for February 18, 2021.

Positive

• Focus on middle-market lending which may yield higher returns.
• Management by a well-established firm with over $50 billion assets under management.

Negative

• No specific financial metrics or performance figures were disclosed in the PR.

Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the full year and fourth quarter ended December 31, 2020. Please view a printable version of the 2020 Full Year and Fourth Quarter Results.

Conference Call Information:

A conference call to discuss the Company’s financial results will be held live at 8:30 a.m. Eastern Time on February 18, 2021. Please visit TSLX’s webcast link located on the Events & Presentations page of the Investor Resources section of TSLX’s website http://www.sixthstreetspecialtylending.com for a slide presentation that complements the Earnings Conference Call. Please visit the website to test your connection before the webcast.

Participants are also invited to access the conference call by dialing one of the following numbers:
Domestic: (877) 359-9508
International: +1 (253) 237-1122
Conference ID: 5466092

All callers will need to enter the Conference ID followed by the # sign and reference “Sixth Street Specialty Lending” once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.

Replay Information:

An archived replay will be available from approximately 12:00 p.m. Eastern Time on February 18 through February 25 via a webcast link located on the Investor Resources section of TSLX’s website, and via the dial-in numbers listed below:

Domestic: (855) 859-2056
International: +1 (404) 537-3406
Conference ID: 5466092

Please direct any questions regarding the conference call to TSLX Investor Relations, IRTSLX@sixthstreet.com.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. The Company has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. The Company is externally managed by Sixth Street Specialty Lending Advisers, LLC, an affiliate of Sixth Street and a Securities and Exchange Commission (“SEC”) registered investment adviser. The Company leverages the deep investment, sector, and operating resources of Sixth Street, a global investment firm with over $50 billion of assets under management and committed capital. For more information, visit the Company’s website at www.sixthstreetspecialtylending.com.

About Sixth Street

Sixth Street is a global investment firm with over $50 billion in assets under management and committed capital. We operate nine diversified, collaborative investment platforms: TAO, Growth, Specialty Lending, Fundamental Strategies, Infrastructure, Opportunities, Insurance, Agriculture, and Credit Market Strategies. Our long-term oriented, highly flexible capital base and "One Team" cultural philosophy allow us to invest thematically across sectors, geographies, and asset classes. Founded in 2009, Sixth Street has more than 320 team members including over 145 investment professionals in nine locations around the world. For more information about Sixth Street, visit www.sixthstreet.com.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements,” which relate to future events or the Company’s future performance or financial condition, including expectations with respect to the Company’s portfolio companies. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update any such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210217005978/en/

FAQ

What were the financial results of TSLX for 2020?

The financial results detail performance metrics for the full year and fourth quarter but specifics were not provided in the PR.

When is the TSLX conference call for the Q4 results?

The conference call is scheduled for February 18, 2021, at 8:30 a.m. Eastern Time.

What is the focus of TSLX's lending activities?

TSLX focuses on lending to middle-market companies, primarily through senior secured loans.

Who manages Sixth Street Specialty Lending?

TSLX is managed by Sixth Street Specialty Lending Advisers, LLC.