Sixth Street Specialty Lending, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 01, 2022 at 04:03 pm EDT
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Sixth Street Specialty Lending, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 77.84 million compared to USD 71.2 million a year ago. Net income was USD 34.43 million compared to USD 54.96 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.75 a year ago.
For the nine months, revenue was USD 209.16 million compared to USD 200.27 million a year ago. Net income was USD 61.79 million compared to USD 169.96 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 2.37 a year ago.
Sixth Street Specialty Lending, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in United States-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds, equity securities, and other instruments. The Company invests in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. The Companyâs first-lien debt may include stand-alone first-lien loans, last out first-lien loans, unitranche loans and secured corporate bonds with similar features to these categories of first-lien loans. Its second-lien debt may include secured loans, and to a lesser extent, secured corporate bonds, with a secondary priority behind first-lien debt. The Company is managed by Sixth Street Specialty Lending Advisers, LLC (the Adviser).
SIXTH STREET SPECIALTY LENDING, INC. 
