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Home Deal Announcements

Truist, JPMorgan and MUFG Upsize and Extend Revolver for Sixth Street

byPhil Neuffer
February 8, 2021
in Deal Announcements

Truist Securities, JPMorgan and MUFG Union Bank served as joint lead arrangers on the expansion and extension of a revolving credit facility for Sixth Street Specialty Lending.

The facility was increased from $1.335 billion to $1.485 billion and the final maturity date was extended on $1.39 billion of commitments to Feb. 4, 2026 and includes a total of 20 bank participants. An accordion feature, which would allow Sixth Street Specialty Lending to upsize the facility under certain circumstances, was increased from a maximum of $1.75 billion to $2 billion. Pricing and advance rates under the facility remain unchanged.

Sixth Street Specialty Lending is a specialty finance company focused on lending to middle market companies.

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