Sixth Street Specialty Lending (TSLX) Files 2024 Annual Report

TL;DR

TSLX filed its 2024 10-K. All good.

AI Summary

Sixth Street Specialty Lending, Inc. (TSLX) filed its annual report for the fiscal year ended December 31, 2024. The company is incorporated in Delaware and its principal executive offices are located at 2100 McKinney Avenue, Suite 1500, Dallas, TX 75201. Its common stock trades on the New York Stock Exchange under the symbol TSLX.

Why It Matters

This filing provides investors with a comprehensive overview of Sixth Street Specialty Lending's financial performance and operational status for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual report filing and does not contain new material information that would inherently increase risk.

Key Players & Entities

• Sixth Street Specialty Lending, Inc. (company) — Registrant
• TSLX (company) — Trading Symbol
• New York Stock Exchange (company) — Exchange
• December 31, 2024 (date) — Fiscal Year End
• 2100 McKinney Avenue, Suite 1500, Dallas, TX 75201 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share TSLX The New York Stock E
• $21.35 — ed on the closing price on that date of $21.35 on The New York Stock Exchange, was app
• $46.2 billion — 2024, we have originated approximately $46.2 billion aggregate principal amount of investmen
• $10.9 billion — investments and retained approximately $10.9 billion aggregate principal amount of these inv
• $10 million — eve is a useful proxy for cash flow, of $10 million to $250 million, although we may invest
• $250 m — proxy for cash flow, of $10 million to $250 million, although we may invest in larger
• $336.0 million — had weighted average annual revenue of $336.0 million and weighted average annual EBITDA of $
• $110.2 million — n and weighted average annual EBITDA of $110.2 million. As of December 31, 2024, our core port
• $146.9 million — ompanies had a median annual revenue of $146.9 million and a median annual EBITDA of $53.1 mil
• $53.1 million — 9 million and a median annual EBITDA of $53.1 million. We generate revenues primarily in th
• $30.3 million — r portfolio companies was approximately $30.3 million based on fair value. Portfolio companie
• $30.6 million — g portfolio companies was approximately $30.6 million as of December 31, 2024. The companies
• $100 billion — a global investment business with over $100 billion of assets under management as of Decemb

Filing Documents

• tslx-20241231.htm (10-K) — 13135KB
• tslx-ex19_1.htm (EX-19.1) — 62KB
• tslx-ex21_1.htm (EX-21.1) — 8KB
• tslx-ex23_1.htm (EX-23.1) — 4KB
• tslx-ex31_1.htm (EX-31.1) — 17KB
• tslx-ex31_2.htm (EX-31.2) — 17KB
• tslx-ex32.htm (EX-32) — 14KB
• tslx-ex99_1.htm (EX-99.1) — 7KB
• img143142017_0.jpg (GRAPHIC) — 748KB
• 0000950170-25-019845.txt ( ) — 51314KB
• tslx-20241231.xsd (EX-101.SCH) — 3143KB
• tslx-20241231_htm.xml (XML) — 11025KB

Business

Business 4 ITEM 1A.

Risk Factors

Risk Factors 27 ITEM 1B. Unresolved Staff Comments 56 ITEM 1C. Cybersecurity 56 ITEM 2.

Properties

Properties 57 ITEM 3.

Legal Proceedings

Legal Proceedings 57 ITEM 4. Mine Safety Disclosures 57 PART II ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 58 ITEM 6. Reserved 61 ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 62 ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 87 ITEM 8. Consolidated Financial Statements and Supplementary Data F- 1 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 89 ITEM 9A.

Controls and Procedures

Controls and Procedures 89 ITEM 9B. Other Information 89 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 89 PART III ITEM 10. Directors, Executive Officers and Corporate Governance 90 ITEM 11.

Executive Compensation

Executive Compensation 90 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 90 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 90 ITEM 14. Principal Accountant Fees and Services 90 PART IV ITEM 15. Exhibits and Financial Statement Schedules 91 ITEM 16. Form 10-K Summary 95 2 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Annual Report contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about us, our current and prospective portfolio investments, our industry, our beliefs, and our assumptions. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "would," "should," "targets," "projects," and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict, that could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. In addition to factors previously identified elsewhere in the reports and other documents Sixth Street Specialty Lending, Inc. has filed with the Securities and Exchange Commission, or SEC, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: an economic downturn, could impair our portfolio companies' abilities to continue to operate, which could lead to the loss of some or all of our investments in those portfolio companies; such an economic downturn could disproportionately impact the companies in which we have invested and others that we intend to target for investment, potential

View Full Filing

View this 10-K filing on SEC EDGAR