Sixth Street Specialty Lending, Inc. ( (TSLX) ) has released its Q3 earnings. Here is a breakdown of the information Sixth Street Specialty Lending, Inc. presented to its investors.
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Sixth Street Specialty Lending, Inc. is a specialty finance company focused on lending to middle-market companies, primarily through direct originations of senior secured loans. The company operates as a business development company under the Investment Company Act of 1940 and is externally managed by Sixth Street Specialty Lending Advisers, LLC, an affiliate of Sixth Street.
In its third-quarter earnings report for 2025, Sixth Street Specialty Lending, Inc. announced a net investment income of $0.54 per share and a net income of $0.47 per share. The company declared a fourth-quarter base dividend of $0.46 per share and a third-quarter supplemental dividend of $0.03 per share.
Key financial highlights include an annualized return on equity of 12.5% for net investment income and 11.0% for net income. The company reported a net asset value per share of $17.14, with new investment commitments totaling $387.7 million for the quarter. The portfolio mainly consists of first-lien debt investments, and 96.3% of debt investments are at floating rates.
The company experienced a slight decrease in total investment income to $109.4 million, attributed to lower interest rates, but partially offset by higher activity-based fee income. Net expenses decreased to $57.4 million due to a reduction in reference rates impacting the average interest rate on debt.
Looking ahead, Sixth Street Specialty Lending, Inc. remains focused on leveraging its strategic investment approach and the resources of its managing affiliate, Sixth Street, to continue generating income and supporting middle-market companies.