Sixth Street Specialty Lending, Inc.'s Equity Buyback Plan Extended.
November 02, 2021 at 12:00 am EDT
Share
On November 2, 2021, the company announced that it has extended its plan duration until its stock trades at prices starting at $0.01 below 1.05x its most recently reported pro forma net asset value per share, instead of below 1.0x. .
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. 
