Sixth Street Specialty Lending, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:07 pm EDT
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Sixth Street Specialty Lending, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 107.61 million compared to USD 63.89 million a year ago. Net income was USD 53.09 million compared to net loss of USD 13.53 million a year ago. Basic earnings per share from continuing operations was USD 0.63 compared to basic loss per share from continuing operations of USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to diluted loss per share from continuing operations of USD 0.18 a year ago.
For the six months, revenue was USD 204.11 million compared to USD 131.32 million a year ago. Net income was USD 106.04 million compared to USD 27.36 million a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 1.28 compared to USD 0.36 a year ago.
Sixth Street Specialty Lending, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in United States-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds, equity securities, and other instruments. The Company invests in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. The Companyâs first-lien debt may include stand-alone first-lien loans, last out first-lien loans, unitranche loans and secured corporate bonds with similar features to these categories of first-lien loans. Its second-lien debt may include secured loans, and to a lesser extent, secured corporate bonds, with a secondary priority behind first-lien debt. The Company is managed by Sixth Street Specialty Lending Advisers, LLC (the Adviser).
SIXTH STREET SPECIALTY LENDING, INC. 
