Sixth Street Specialty Lending: Falls on discounted share offering

Sixth Street Specialty Lending

19/02/2021 12:58

** Lending co's shares  TSLX.N  down ~4% at $21.31 premarket
    ** Co announces public offering of 4 mln shares at a price
of $21.65/share to raise proceeds of ~$86.6 mln   urn:newsml:reuters.com:*:nBwbSkKvLa
    ** Offer represents 2.4% discount to stock's last close
    ** Co has 67.90 mln shares outstanding and free float of
64.62 mln shares
    ** Co expects to use the net proceeds to pay down
outstanding debt under its revolving credit facility
    ** TSLX on Wednesday reported its net asset value (NAV) per
share was $17.16 at end-Dec, compared with $16.87 as at Sept. 30
  urn:newsml:reuters.com:*:nBw8BTgKa
    ** Morgan Stanley, BofA Securities, Wells Fargo Securities
and Goldman Sachs & Co. LLC among joint book-running managers
for offering that is expected to close on Feb.23
    ** TSLX shares up ~7% this year, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))