<?xml version="1.0" encoding="utf-8"?>
<!--Generated by DFIN XBRL Instance Document - http://www.dfinsolutions.com/ - Version R3.0 - on 23-December-2023 [01:31:43] {AM}-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_CommonStocksMember" xlink:label="loc_tslx_CommonStocksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_CommonStocksMember" xml:lang="en-US">Common Stocks [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_CommonStocksMember" xml:lang="en-US">Common Stock [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_CommonStocksMember" xlink:to="lab_tslx_CommonStocksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_tslx_CommonStocksMember" xml:lang="en-US">Common stock member.</label>
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_RevolvingCreditFacilitiesMember" xlink:label="loc_tslx_RevolvingCreditFacilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_RevolvingCreditFacilitiesMember" xml:lang="en-US">Revolving Credit Facilities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_RevolvingCreditFacilitiesMember" xml:lang="en-US">Revolving Credit Facilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_RevolvingCreditFacilitiesMember" xlink:to="lab_tslx_RevolvingCreditFacilitiesMember" />
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_ConvertibleSeniorNotesDueTwoThousandAndNineteenMember" xlink:label="loc_tslx_ConvertibleSeniorNotesDueTwoThousandAndNineteenMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_ConvertibleSeniorNotesDueTwoThousandAndNineteenMember" xml:lang="en-US">Convertible Senior Notes Due Two Thousand And Nineteen [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_ConvertibleSeniorNotesDueTwoThousandAndNineteenMember" xml:lang="en-US">Convertible Senior Notes due 2019 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_ConvertibleSeniorNotesDueTwoThousandAndNineteenMember" xlink:to="lab_tslx_ConvertibleSeniorNotesDueTwoThousandAndNineteenMember" />
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_ConvertibleSeniorNotesDueTwoThousandAndTwentyTwoMember" xlink:label="loc_tslx_ConvertibleSeniorNotesDueTwoThousandAndTwentyTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_ConvertibleSeniorNotesDueTwoThousandAndTwentyTwoMember" xml:lang="en-US">Convertible Senior Notes Due Two Thousand And Twenty Two [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_ConvertibleSeniorNotesDueTwoThousandAndTwentyTwoMember" xml:lang="en-US">Convertible Senior Notes due 2022 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_ConvertibleSeniorNotesDueTwoThousandAndTwentyTwoMember" xlink:to="lab_tslx_ConvertibleSeniorNotesDueTwoThousandAndTwentyTwoMember" />
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_TwoThousandTwentyThreeNotesMember" xlink:label="loc_tslx_TwoThousandTwentyThreeNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_TwoThousandTwentyThreeNotesMember" xml:lang="en-US">Two Thousand Twenty Three Notes [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_TwoThousandTwentyThreeNotesMember" xml:lang="en-US">2023 Notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_TwoThousandTwentyThreeNotesMember" xlink:to="lab_tslx_TwoThousandTwentyThreeNotesMember" />
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_TwoThousandTwentyFourNotesMember" xlink:label="loc_tslx_TwoThousandTwentyFourNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_TwoThousandTwentyFourNotesMember" xml:lang="en-US">Two Thousand Twenty Four Notes [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_TwoThousandTwentyFourNotesMember" xml:lang="en-US">2024 Notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_TwoThousandTwentyFourNotesMember" xlink:to="lab_tslx_TwoThousandTwentyFourNotesMember" />
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_TwoThousandTwentySixNotesMember" xlink:label="loc_tslx_TwoThousandTwentySixNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_TwoThousandTwentySixNotesMember" xml:lang="en-US">Two Thousand Twenty Six Notes [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_TwoThousandTwentySixNotesMember" xml:lang="en-US">2026 Notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_TwoThousandTwentySixNotesMember" xlink:to="lab_tslx_TwoThousandTwentySixNotesMember" />
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_TwoThousandTwentyEightNotesMember" xlink:label="loc_tslx_TwoThousandTwentyEightNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_TwoThousandTwentyEightNotesMember" xml:lang="en-US">Two Thousand Twenty Eight Notes [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_tslx_TwoThousandTwentyEightNotesMember" xml:lang="en-US">2028 Notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_TwoThousandTwentyEightNotesMember" xlink:to="lab_tslx_TwoThousandTwentyEightNotesMember" />
<loc xlink:type="locator" xlink:href="tslx-20231222.xsd#tslx_RisksRelatedToOfferingsPursuantToThisProspectusMember" xlink:label="loc_tslx_RisksRelatedToOfferingsPursuantToThisProspectusMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_tslx_RisksRelatedToOfferingsPursuantToThisProspectusMember" xml:lang="en-US">Risks Related To Offerings Pursuant To This Prospectus [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tslx_RisksRelatedToOfferingsPursuantToThisProspectusMember" xlink:to="lab_tslx_RisksRelatedToOfferingsPursuantToThisProspectusMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_tslx_RisksRelatedToOfferingsPursuantToThisProspectusMember" xml:lang="en-US">Risks related to offerings pursuant to this prospectus member.</label>
</labelLink>
</linkbase>
