8-K
false0001508655TX 0001508655 2024-04-01 2024-04-01 0001508655 tslx:CommonShareMember 2024-04-01 2024-04-01 xbrli:shares
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 2024
 
 
Sixth Street Specialty Lending, Inc.
(Exact name of registrant as specified in charter)
 
 
 
Delaware
 
001-36364
 
27-3380000
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
2100 McKinney Avenue, Suite 1500
Dallas,
TX
 
75201
(Address of Principal Executive Offices)
 
(zip code)
Registrant’s telephone number, including area code: (469)
621-3001
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Common Stock, par value $0.01 per share
 
TSLX
 
The New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 

Item 8.01 - Other Events
On April 1, 2024, Sixth Street Specialty Lending, Inc. (the “Company”) issued 600,000 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (“Common Stock”), pursuant to an Underwriting Agreement, dated February 29, 2024 (the “Underwriting Agreement”), among the Company, Street Specialty Lending Advisers, LLC (the “Adviser”) and Morgan Stanley & Co. LLC, as representative of the several underwriters named on Schedule 1 thereto (collectively, the “Underwriters”), in connection with the Underwriters’ exercise in full of their option to purchase additional shares of Common Stock.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits:
 
Exhibit
Number
  
Description
5.1    Opinion of Simpson Thacher & Bartlett LLP
23.1    Consent of Simpson Thacher & Bartlett LLP (included as part of Exhibit 5.1)
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
    SIXTH STREET SPECIALTY LENDING, INC.
   
(Registrant)
Date: April 5, 2024    
    By:  
/s/ Ian Simmonds
      Ian Simmonds
      Chief Financial Officer
 
[
Signature Page to
8-K – Sixth Street Specialty Lending, Inc.
]
 
EX-5.1

Exhibit 5.1

 

Simpson Thacher & Bartlett LLP

900 G STREET, NW

WASHINGTON, D.C. 20001

       

 

TELEPHONE: +1-202-636-5500

FACSIMILE: +1-202-636-5502

Direct Dial Number

+1-202-636-5543

     

E-mail Address

rajib.chanda@stblaw.com

April 1, 2024

Sixth Street Specialty Lending, Inc.

2100 McKinney Avenue

Suite 1500

Dallas, TX 75201

Ladies and Gentlemen:

We have acted as counsel to Sixth Street Specialty Lending, Inc., a Delaware corporation (the “Company”), in connection with the Registration Statement on Form N-2 (File No. 333-276252) (the “Registration Statement”) filed by the Company with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended, relating to the issuance by the Company of up to 4,600,000 shares of Common Stock, par value $0.01 per share (“Common Stock”) of the Company.

We have examined the Registration Statement, the Underwriting Agreement dated February 29, 2024 (the “Underwriting Agreement”), among the Company, Sixth Street Specialty Lending Advisers, LLC, a Delaware limited liability company (the “Adviser”) and Morgan Stanley & Co. LLC as representative of the several underwriters named therein pursuant to which such underwriters have agreed to purchase up to 4,600,000 shares of Common Stock issued by the Company (the “Shares”). In addition, we have examined, and have relied as to


Sixth Street Specialty Lending, Inc.    2    April 1, 2024

matters of fact upon, originals, or duplicates or certified or conformed copies, of such records, agreements, documents and other instruments and such certificates or comparable documents of public officials and of officers and representatives of the Company and the Adviser and have made such other investigations as we have deemed relevant and necessary in connection with the opinion hereinafter set forth.

In rendering the opinion set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies and the authenticity of the originals of such latter documents.

Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that, upon payment and delivery in accordance with the provisions of the Underwriting Agreement, the Shares will be validly issued, fully paid and nonassessable.

We do not express any opinion herein concerning any law other than the law of the State of New York and the Delaware General Corporation Law.

We hereby consent to the filing of this opinion letter as Exhibit (l) to the Registration Statement and to the use of our name under the caption “Legal Matters” in the prospectus included in the Registration Statement.

 

Very truly yours,
/s/ Simpson Thacher & Bartlett LLP
SIMPSON THACHER & BARTLETT LLP