Sixth Street Lending Partners closes $750M 6.500% notes due 2031

Sixth Street Lending Partners said that on September 21, 2026 it closed the issuance of $750 million aggregate principal amount of 6.500% notes due December 15, 2031 under a Fifth Supplemental Indenture to its March 11, 2024 base indenture, in a Rule 144A and Regulation S offering.

Sixth Street Lending Partners closed a $750 million unsecured notes offering on September 21, 2026, adding 6.500% paper due December 15, 2031 under its March 2024 base indenture.

What closed

On September 21, 2026, Sixth Street Lending Partners and U.S. Bank Trust Company, National Association, as trustee, entered into a Fifth Supplemental Indenture to the company's Indenture dated March 11, 2024. The supplemental indenture covers the company's issuance, offer, and sale of $750,000,000 aggregate principal amount of 6.500% notes due 2031.

The Notes were offered to persons reasonably believed to be qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The Form 8-K states the Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption. The transaction closed on September 21, 2026.

The company reported the closing in a Form 8-K under Items 1.01 and 2.03 (AccNo 0001193125-26-396659), with earliest event and filing date both September 21, 2026. The registrant has no securities registered under Section 12(b) of the Exchange Act.

Coupon, maturity, and ranking

The Notes:

- Mature on December 15, 2031; - Bear interest at 6.500% per year, payable semiannually on June 15 and December 15, commencing December 15, 2026; and - Are direct unsecured obligations of Sixth Street Lending Partners.

The company may redeem the Notes in whole or in part at any time at the redemption prices set forth in the Fifth Supplemental Indenture.

Use of proceeds and covenants

The company expects to use net proceeds to pay down a portion of outstanding indebtedness on its revolving credit facility and/or its subscription facility, and for general corporate purposes.

The Indenture includes covenants requiring compliance with Section 18(a)(1)(A) as modified by Section 61(a) of the Investment Company Act of 1940 (or successor provisions), giving effect to any SEC exemptive relief, and requiring financial information to holders and the trustee if the company ceases to be an Exchange Act reporting company. Those covenants are subject to the Indenture's limitations and exceptions.

Change-of-control put and registration rights

If a change of control repurchase event occurs - both a change of control and a below investment grade rating of the Notes by each of Fitch Ratings, Moody's Investor Service, and S&P Global Ratings - the company must offer to purchase the Notes at 100% of principal plus accrued and unpaid interest to the purchase date.

In connection with the offering, the company entered into a Registration Rights Agreement dated September 21, 2026 with BofA Securities, Inc., as representative of the several initial purchasers. Under that agreement the company must file an exchange-offer registration statement for new notes with substantially identical terms registered under the Securities Act, use commercially reasonable efforts to obtain effectiveness, and consummate the exchange offer as soon as practicable after effectiveness but no later than 365 days after initial issuance. If it cannot complete the exchange offer, it must pursue a shelf registration for resales. Missed registration deadlines trigger additional interest to holders.

Exhibits

Filed exhibits include the Fifth Supplemental Indenture (Exhibit 4.2), the form of 6.500% Note due 2031 (Exhibit 4.3, included in Exhibit 4.2), and the Registration Rights Agreement (Exhibit 4.4). The March 11, 2024 base indenture is incorporated by reference as Exhibit 4.1.

Item 2.03 incorporates the Item 1.01 description as the creation of a direct financial obligation.