8-KAccepted Sep 18, 4:15 PM ET
Sixth Street Lending Partners Announces $750M 6.5% Notes Due 2031
Accepted (ET)
4:15 PM
Sep 18, 2026
Filed
Sep 18, 2026
Documents
12
Size
487.3 KB
Summary
Sixth Street Lending Partners Announces $750M 6.5% Notes Due 2031
What Happened
Sixth Street Lending Partners filed an 8‑K (Item 1.01) on September 18, 2026 disclosing that on September 14, 2026 it entered into a purchase agreement with Sixth Street Lending Partners Advisers, LLC and BofA Securities, Inc., as representative of the initial purchasers, for a private offering of $750.0 million aggregate principal amount of its 6.500% Notes due 2031. The offering is being made to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S and is expected to close on September 21, 2026, subject to customary conditions.
Key Details
- Amount: $750.0 million aggregate principal amount of notes.
- Coupon / Price: 6.500% coupon; to be issued at 98.987% of par.
- Maturity & Interest: Matures December 15, 2031; interest payable semi‑annually on June 15 and December 15, beginning December 15, 2026.
- Use of Proceeds: Net proceeds intended to pay down a portion of the company’s outstanding revolving credit facility and/or subscription facility and for general corporate purposes.
- Other: Company will enter into a registration rights agreement with BofA Securities, Inc.; offering conducted by initial purchasers led by BofA Securities, whose affiliates may have ongoing business relationships with the company.
Why It Matters
This transaction will add $750 million of long‑term debt to Sixth Street Lending Partners’ balance sheet and sets a fixed interest cost (6.5%) through December 2031. Repaying part of the revolving credit or subscription facilities with the proceeds could change the company’s near‑term liquidity profile and borrowing costs; investors should note the new interest obligations and maturity date when evaluating the firm’s capital structure and cash‑flow needs. The filing is a routine disclosure of a material financing arrangement rather than an operational or management change.