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 U.S.-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 and equity securities. The Company has elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSLX is externally managed by Sixth Street Specialty Advisers, LLC, an affiliate of Sixth Street and an SEC registered investment adviser. TSLX leverages the deep investment, sector, and operating resources of Sixth Street Partners, LLC, a global investment firm with over $50 billion of assets under management.
Company profile
Ticker
TSLX
Exchange
CEO
Joshua Easterly
Employees
Incorporated
Location
Fiscal year end
Former names
TPG Specialty Lending, Inc.
SEC CIK
Corporate docs
Subsidiaries
TC Lending, LLC • Sixth Street SL SPV, LLC • Sixth Street SL Holding, LLC • Sixth Street Specialty Lending Sub, LLC ...
TSLX stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
1 Nov 22
10-Q
2022 Q3
Quarterly report
1 Nov 22
8-K
Regulation FD Disclosure
2 Aug 22
8-K
Results of Operations and Financial Condition
2 Aug 22
10-Q
2022 Q2
Quarterly report
2 Aug 22
8-K
Departure of Directors or Certain Officers
1 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
27 May 22
DEFA14A
Additional proxy soliciting materials
18 May 22
8-K
Results of Operations and Financial Condition
3 May 22
10-Q
2022 Q1
Quarterly report
3 May 22
Transcripts
TSLX
Earnings call transcript
2022 Q3
2 Nov 22
TSLX
Earnings call transcript
2022 Q2
3 Aug 22
TSLX
Earnings call transcript
2022 Q1
4 May 22
TSLX
Earnings call transcript
2021 Q4
18 Feb 22
TSLX
Earnings call transcript
2021 Q3
3 Nov 21
TSLX
Earnings call transcript
2021 Q2
4 Aug 21
TSLX
Earnings call transcript
2021 Q1
5 May 21
TSLX
Earnings call transcript
2020 Q4
18 Feb 21
TSLX
Earnings call transcript
2020 Q3
5 Nov 20
TSLX
Earnings call transcript
2020 Q2
5 Aug 20
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 45.91 mm | 45.91 mm | 45.91 mm | 45.91 mm | 45.91 mm | |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 2.42 mm | 605.50 k | |
| Cash used (since last report) | n/a | n/a | n/a | 9.47 mm | 2.37 mm | |
| Cash remaining | n/a | n/a | n/a | 36.44 mm | 43.54 mm | |
| Runway (months of cash) | n/a | n/a | n/a | 15.0 | 71.9 | |
Institutional ownership, Q3 2022
90.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 223 |
| Opened positions | 30 |
| Closed positions | 41 |
| Increased positions | 87 |
| Reduced positions | 63 |
| 13F shares | Current |
|---|---|
| Total value | 903.18 mm |
| Total shares | 72.87 mm |
| Total puts | 31.60 k |
| Total calls | 131.50 k |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| STRS Ohio | 13.36 mm | $165.48 mm |
| Lindbrook Capital | 4.70 mm | $58.22 mm |
| OMERS ADMINISTRATION | 3.47 mm | $43.04 mm |
| Rivernorth Capital Management | 3.03 mm | $37.59 mm |
| JPM JPMorgan Chase & Co. | 2.89 mm | $35.75 mm |
| Cerity Partners | 2.30 mm | $28.48 mm |
| Ares Management | 2.18 mm | $27.06 mm |
| BAC Bank Of America | 2.02 mm | $25.00 mm |
| Sound Income Strategies | 1.98 mm | $24.52 mm |
| Southern Farm Bureau Life Insurance | 1.96 mm | $24.22 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 Aug 22 | Anton Brett | Common Stock | Buy | Acquire P | No | No | 19.245 | 500 | 9.62 k | 500 |
| 8 Aug 22 | Steven Pluss | Common Stock | Buy | Acquire P | No | No | 19.0379 | 10,000 | 190.38 k | 36,500 |
| 5 Aug 22 | Ian Simmonds | Common Stock | Buy | Acquire P | No | No | 18.888 | 500 | 9.44 k | 4,996 |
News
RBC Capital Maintains Outperform on Sixth Street Specialty, Lowers Price Target to $21
11 Nov 22
Sixth Street Specialty Q3 EPS $0.47 Misses $0.49 Estimate, Sales $77.80M Beat $75.49M Estimate
1 Nov 22
Earnings Scheduled For November 1, 2022
1 Nov 22
Earnings Outlook For Sixth Street Specialty
31 Oct 22
Press releases
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 2022 Financial Results
13 Jan 23
Sixth Street Specialty Lending, Inc. Reports Third Quarter 2022 Earnings Results; Declares a $0.03 Per Share Increase in Fourth Quarter Base Dividend Per Share to $0.45
1 Nov 22