Ropes & Gray Advises On Sixth Street Lending Partners’ $600 Million Bond.
Ropes & Gray acted on behalf of the initial purchasers in the offering of $600 million in aggregate principal amount of 5.750% notes due 2030 by Sixth Street Lending Partners. This investment-grade 144A bond offering was priced on September 9 and subsequently announced through a press release. Sixth Street Lending Partners intends to utilize the net proceeds to reduce outstanding debt associated with its revolving credit facility and/or its subscription facility. Sixth Street Lending Partners operates as a specialty finance company, concentrating on lending to upper middle-market enterprises. The team was spearheaded by capital markets partner Paul Tropp.
Sixth Street Lending Partners operates as an externally managed, closed-end private investment firm that specializes in providing loans to upper middle-market enterprises. Established on April 5, 2022, the Company collaborates with businesses from diverse sectors to deliver capital solutions aimed at facilitating organic growth, acquisitions, market or product expansion, and recapitalizations, including restructuring efforts.
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