TSLX
Sixth Street Specialty Lending, Inc.21.87
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
2.07BP/E (TTM)
10.67Basic EPS (TTM)
2.05Dividend Yield
0.09%Recent Filings
10-Q
Q3 FY2025 results
Sixth Street Specialty Lending posted Q3 net investment income of $50.7M, down from $54.9M y/y amid lower reference rates, yet total operations rose to $44.6M from $40.7M thanks to tighter unrealized losses. Investment income fell 8.2% y/y to $109.4M (derived), with interest dropping 10.3% y/y to $94.9M (derived), but other income doubled to $7.4M; expenses trimmed 9.8% y/y to $57.4M (derived), driven by 18.4% lower interest at $31.4M. Debt dipped to $1.83B from $1.90B ytd, with $1.05B revolver availability and $83M cash; NAV held steady at $17.14. Portfolio stays pristine at 99.4% performing. Solid coverage persists. Economic downturns threaten portfolio firms.
8-K
Q3 results; CEO transition
Sixth Street Specialty Lending reported Q3 net investment income of $0.54 per share, delivering 12.5% ROE, with NAV steady at $17.14; portfolio grew to $3.4B via $352M fundings against $303M exits. Joshua Easterly steps down as CEO December 31; Bo Stanley appointed co-CEO now, sole thereafter. Board expanded to eleven; Q4 base dividend $0.46, Q3 supplemental $0.03. Leadership shift smooth.
8-K
Q2 earnings, dividends declared
Sixth Street Specialty Lending posted Q2 net investment income of $0.54 per share and net income of $0.63 per share, with NAV climbing to $17.17. Adjusted figures hit $0.56 and $0.64 per share; board declared Q3 base dividend of $0.46 and Q2 supplemental of $0.05. Portfolio shrank to 109 companies after $208.6M fundings offset $388.7M exits. Non-accruals dropped to 0.6%. Debt-to-equity eased to 1.09x.
10-Q
Q2 FY2025 results
Sixth Street Specialty Lending posted Q2 FY2025 net investment income of $50.8M, down 7.7% y/y yet lifting total operations to $59.0M (+24.5% y/y) on $115.0M total income (-5.6% y/y) and lower interest expense of $33.6M (-14.3% y/y). Diluted EPS hit $0.63, matching 93.97M weighted shares. Investments dipped to $3.29B fair value while debt fell to $1.73B with $1.15B revolver availability; cash sits at $39.2M. Portfolio yields 11.7% on 92.4% first-lien debt. Non-accruals shrank to 0.6%. Economic downturns threaten portfolio companies.
8-K
Hershey joins TSLX board
Sixth Street Specialty Lending appointed John D. Hershey to its Board on June 30, 2025, filling the vacancy from John Ross's retirement and expanding to ten directors, six independent. Hershey, ex-Director of Investments at Oregon State Treasury with deep alternative assets expertise, joins the Audit, Compensation, and Nominating Committees. His acumen bolsters board skills. No special deals disclosed.
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