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XNYSTSLX
Market cap1.32bUSD
Dec 23, Last price  
20.93USD
1D
-0.33%
1Q
2.10%
Jan 2017
12.04%
IPO
30.00%
Name

Sixth Street Specialty Lending Inc

Chart & Performance

D1W1MN
XNYS:TSLX chart

Profile

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.
IPO date
Mar 21, 2014
Employees
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
438,087
220.96%
136,492
-39.05%
223,959
12.91%
Cost of revenue
105,592
77,365
97,025
Unusual Expense (Income)
NOPBT
332,495
59,127
126,934
NOPBT Margin
75.90%
43.32%
56.68%
Operating Taxes
1,809
3,183
384
Tax Rate
0.54%
5.38%
0.30%
NOPAT
330,686
55,944
126,550
Net income
222,023
105.48%
108,053
-48.98%
211,780
18.91%
Dividends
(156,421)
(144,731)
(221,941)
Dividend yield
8.51%
10.40%
12.21%
Proceeds from repurchase of equity
89,204
71,474
85,904
BB yield
-4.85%
-5.13%
-4.73%
Debt
Debt current
856,116
99,673
Long-term debt
1,441,796
1,185,964
Deferred revenue
1,495,378
1,276,009
Other long-term liabilities
(1,441,796)
(1,185,964)
Net debt
(3,308,261)
(3,232,830)
(1,237,524)
Cash flow
Cash from operating activities
(236,788)
(224,532)
2,452
CAPEX
Cash from investing activities
(995,620)
(1,198,944,000)
Cash from financing activities
236,337
234,212
241
FCF
1,070,856
(664,230)
1,116,389
Balance
Cash
25,196
2,742,817
1,568
Long term investments
3,283,065
2,787,925
2,521,593
Excess cash
3,286,357
5,523,917
2,511,963
Stockholders' equity
101,661
1,529,882
1,350,964
Invested Capital
3,242,147
2,132,408
1,359,685
ROIC
12.31%
3.20%
7.29%
ROCE
9.94%
1.61%
4.84%
EV
Common stock shares outstanding
85,131
78,198
77,702
Price
21.60
21.35%
17.80
-23.90%
23.39
12.72%
Market cap
1,838,835
32.11%
1,391,921
-23.41%
1,817,456
30.32%
EV
(1,469,426)
(368,304)
1,840,032
EBITDA
332,495
39,740
(27,689,066)
EV/EBITDA
Interest
96,395
50,663
40,405
Interest/NOPBT
28.99%
85.69%
31.83%