# EDGAR Filing Document

**Accession Number:** 0001508655
**File Stem:** 0001193125-26-206354
**Filing Date:** 2026-5
**Character Count:** 142497
**Document Hash:** 9f0c906d924615ee70dcb2dfeb6f527d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-206354.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001193125-26-206354

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260505

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sixth Street Specialty Lending, Inc.
- **CENTRAL INDEX KEY:** 0001508655

**ORGANIZATION NAME:**
- **EIN:** 273380000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36364
- **FILM NUMBER:** 26942947

**BUSINESS ADDRESS:**
- **STREET 1:** 2100 MCKINNEY AVENUE, SUITE 1500
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 469-621-3001

**MAIL ADDRESS:**
- **STREET 1:** 2100 MCKINNEY AVENUE, SUITE 1500
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TPG Specialty Lending, Inc.
- **DATE OF NAME CHANGE:** 20101222

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

------

**FORM** 8-K

------

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** May 5, 2026

------

Sixth Street Specialty Lending, Inc.

**(Exact name of registrant as specified in charter)**

------

---

| | | |
|:---|:---|:---|
| Delaware | 001-36364 | 27-3380000 |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

---

| | |
|:---|:---|
| 2100 McKinney Avenue**,** Suite 1500<br>Dallas**,** TX | 75201 |
| **(Address of Principal Executive Offices)** | **(zip code)** |

---

**Registrant's telephone number, including area code:** (469) 621-3001

------

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | TSLX | The New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02 – Results of Operations and Financial Condition**

On May 5, 2026, Sixth Street Specialty Lending, Inc. (the "Company") issued a press release announcing its financial results for the three months ended March 31, 2026. The text of the press release is included as Exhibit 99.1 to this Form 8-K.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

**Item 7.01 – Regulation FD Disclosure**

On May 5, 2026, the Company issued a press release, included herewith as Exhibit 99.1, announcing the declaration of a second quarter 2026 base dividend per share of $0.42 to shareholders of record as of June 15, 2026, payable on June 30, 2026.

The Company announced today that Michael Fishman has been appointed to serve as Chairman of the Company's Board of Directors, effective as of the close of business on May 21, 2026.

Michael Fishman was elected a director of the Company in April 2011. From April 2011 to December 2013, he served as Chief Executive Officer, and from December 2013 to December 2017, he served as Co-Chief Executive Officer with Joshua Easterly. Mr. Fishman is a Vice President of the Company and is a Sixth Street Partner. He has been an executive in corporate lending for more than 30 years with senior management experience in credit, portfolio management and primary loan originations. Prior to joining Sixth Street, Mr. Fishman was the Executive Vice President and National Director of Loan Originations for WFCF, formerly known as Wells Fargo Foothill and Foothill Capital Corporation. Fishman has also contributed to various industry publications and panel discussions, and has sat on the Board of the American Bankruptcy Institute. He holds a Bachelor of Science in Finance from Rochester Institute of Technology.

The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

**Item 9.01 – Financial Statements and Exhibits**

(d) Exhibits:

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 99.1 | [<u>Press Release, dated May 5, 2026</u>](tslx-ex99_1.htm) |
| 104 | The cover page of this Current Report on Form 8-K, formatted in Inline XBRL |

---

------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | SIXTH STREET SPECIALTY LENDING, INC.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) | SIXTH STREET SPECIALTY LENDING, INC.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) |
| Date: May 5, 2026 | By: | /s/ Ian Simmonds |
|  |  | Ian Simmonds |
|  |  | Chief Financial Officer |

---

------

## Exhibit 99.1

**Exhibit 99.1**

![img52863034_0.jpg](img52863034_0.jpg)

# k

# FIRST QUARTER 2026 EARNINGS RESULTS
**Sixth Street Specialty Lending, Inc. Reports First Quarter Results; Declares a Second Quarter Base Dividend Per Share of $0.42**

---

| | | |
|:---|:---|:---|
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | **Net Investment Income Per Share** | **Net Investment Income Per Share** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**Q1 2026**: | **$0.42** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  |  |  |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | **Net Loss Per Share** | **Net Loss Per Share** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**Q1 2026:** | **$0.27** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  |  |  |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | **Return on Equity** | **Return on Equity** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**Q1 2026 (NII):** | **9.9%** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**Q1 2026 (NI):** | **(6.5)%** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  |  |  |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | **NAV** | **NAV** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**Q1 2026 ($MM):** | **$1542.7** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**Q1 2026 (per share):** | **$16.24** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  |  |  |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | **Dividends Declared (per share)** | **Dividends Declared (per share)** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**Q1 2026 (Base):** | **$0.46** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**LTM Q1 2026 (Base):** | **$1.84** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**LTM Q1 2026 (Supplemental):**  | **$0.15** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  | &nbsp;&nbsp;**LTM Q1 2026 (Total):**  | **$1.99** |
| NEW YORK — May 5, 2026 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.42 per share and net loss of $0.27 per share for the first quarter ended March 31, 2026. These results correspond to an annualized return on equity (ROE) on net investment income and net income of 9.9% and -6.5%, respectively. Reported and adjusted metrics converged this quarter, as there was no impact related to capital gains incentive fees.<br>Reported net asset value (NAV) per share was $16.24 at March 31, 2026 as compared to NAV per share of $16.98 or an adjusted NAV per share of $16.97 at December 31, 2025 (which accounts for the impact of the $0.01 per share fourth quarter 2025 supplemental dividend). The main driver of this quarter's NAV per share decline was $0.58 per share attributable to movement in fair value from market inputs. This included $0.40 per share from unrealized losses in the debt portfolio tied to credit spread widening seen in the broader market and $0.18 per share from lower market valuations in the Company's limited equity portfolio.<br>The Company announced that its Board of Directors has declared a second quarter 2026 base dividend of $0.42 per share to shareholders of record as of June 15, 2026, payable on June 30, 2026. The decision to revise the base dividend level was informed by what the Company believes is a responsible and sustainable dividend policy. The supplemental dividend policy remains in place to distribute over-earning to shareholders based on the existing framework. <br>On May 1, 2026, the Company completed an amendment to its Revolving Credit Facility, which extended the stated maturity date to May 1, 2031 for $1.525 billion of commitments. The pricing and other material terms of the facility remain unchanged.  |  |  |

---

------

![img52863034_0.jpg](img52863034_0.jpg)

**Portfolio and Investment Activity**

---

| | | |
|:---|:---|:---|
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **Q1 2026 Origination Activity** | **Q1 2026 Origination Activity** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | &nbsp;&nbsp;**Commitments:** | **$338.1MM** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | &nbsp;&nbsp;**Fundings:** | **$134.8MM** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | &nbsp;&nbsp;**Net Fundings:** | **$21.8MM** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. |  |  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **Average Investment Size** | **Average Investment Size** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **$30.1MM** | **$30.1MM** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | *(0.9% of the portfolio at fair value)* | *(0.9% of the portfolio at fair value)* |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. |  |  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. |  |  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **First Lien Debt Investments (% FV)** | **First Lien Debt Investments (% FV)** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **89.3%** | **89.3%** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. |  |  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. |  |  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **Floating Rate Debt Investments**<sup>2</sup>  | **Floating Rate Debt Investments**<sup>2</sup>  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **(% FV)** | **(% FV)** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **96.3%** | **96.3%** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. |  |  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | **Weighted Average Yield of Debt and Incoming-Producing Securities** | **Weighted Average Yield of Debt and Incoming-Producing Securities** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | &nbsp;&nbsp;**Yield at Fair Value:**  | **11.1%** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | &nbsp;&nbsp;**Yield at Amortized Cost:** | **11.2%** |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. |  |  |
| For the quarter ended March 31, 2026, new investment commitments totaled $338.1 million. This compares to $242.4 million for the quarter ended December 31, 2025.<br>For the quarter ended March 31, 2026, the principal amount of new investments funded was $134.8 million across two new portfolio companies, four upsizes to existing portfolio companies and an initial investment in the previously announced joint venture, Structured Credit Partners. For this period, the Company had $113.0 million aggregate principal amount in exits and repayments. For the quarter ended December 31, 2025, the principal amount of new investments funded was<br>$196.7 million across five new portfolio companies and four upsizes to existing portfolio companies. For this period, the Company had $234.9 million aggregate principal amount in exits and repayments. <br>The Company had investments in 143<sup>1</sup> portfolio companies as of March 31, 2026 and December 31, 2025 with an aggregate fair value of $3,313.4 million and $3,347.3 million, respectively. As of March 31, 2026, the average investment size in each portfolio company was $30.1 million based on fair value.<br>As of March 31, 2026, the Company's portfolio based on fair value consisted of 89.3% first-lien debt investments, 1.0% second-lien debt investments, 1.9% mezzanine debt investments, 4.6% equity investments, 2.8% structured credit investments and 0.4% joint venture investments. As of December 31, 2025, the Company's portfolio based on fair value consisted of 89.2% first-lien debt investments, 0.9% second-lien debt investments, 1.8% mezzanine debt investments, 5.2% equity and other investments and 2.9% structured credit investments.<br>As of March 31, 2026, 96.3% of debt investments<sup>2</sup> based on fair value in the portfolio bore interest at floating rates with 100.0% of these subject to reference rate floors. The Company's credit facilities also bear interest at floating rates. In connection with the Company's Unsecured Notes, which bear interest at fixed rates, the Company has entered into fixed-to-floating interest rate swaps in order to align the nature of the interest rates of its liabilities with its investment portfolio.<br>As of March 31, 2026 and December 31, 2025, the weighted average total yield of debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 11.1% and 11.1%, respectively, and the weighted average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 11.2% and 11.3% for the quarter ended March 31, 2026 and December 31, 2025, respectively.<br>As of March 31, 2026 and December 31, 2025, 1.4% and 0.6% of the portfolio at fair value was on non-accrual status, respectively. There was one addition and one removal from non-accrual status during the quarter, resulting in no change to the total number of investments on non-accrual at three names. | &nbsp;&nbsp;&nbsp;&nbsp;1.Includes 36 structured credit investments with a total fair value as of March 31, 2026 and December 31, 2025 of $93.8 million and $97.9 million, respectively.<br>2.Calculation includes income earning debt investments only. | &nbsp;&nbsp;&nbsp;&nbsp;1.Includes 36 structured credit investments with a total fair value as of March 31, 2026 and December 31, 2025 of $93.8 million and $97.9 million, respectively.<br>2.Calculation includes income earning debt investments only. |

---

------

![img52863034_0.jpg](img52863034_0.jpg)

**RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED march 31, 2026**

---

| | | |
|:---|:---|:---|
| **Total Investment Income** |  |  |
|  | **Total Investment Income** | **Total Investment Income** |
| For the three months ended March 31, 2026 and 2025, investment income was $93.4 million and $116.3 million, respectively. The decrease in investment income was primarily the result of a decrease in reference rates for the three months ended March 31, 2026 compared to the same period in 2025. | **Total Investment Income** | **Total Investment Income** |
| For the three months ended March 31, 2026 and 2025, investment income was $93.4 million and $116.3 million, respectively. The decrease in investment income was primarily the result of a decrease in reference rates for the three months ended March 31, 2026 compared to the same period in 2025. | <br>**$93.4MM** | <br>**$93.4MM** |
| **Net Expenses** |  |  |
|  | **Net Expenses** | **Net Expenses** |
| Net expenses totaled $52.4 million and $57.0 million for the three months ended March 31, 2026 and 2025, respectively. The decrease in net expenses was primarily due to a decrease in the average interest rate on our debt outstanding, which decreased from 6.4% for the three months ended March 31, 2025 to 5.5% for the three months ended March 31, 2026 due to a change in the mix of our debt financing sources and a change in SOFR rates. | **Net Expenses** | **Net Expenses** |
| Net expenses totaled $52.4 million and $57.0 million for the three months ended March 31, 2026 and 2025, respectively. The decrease in net expenses was primarily due to a decrease in the average interest rate on our debt outstanding, which decreased from 6.4% for the three months ended March 31, 2025 to 5.5% for the three months ended March 31, 2026 due to a change in the mix of our debt financing sources and a change in SOFR rates. | <br>**$52.4MM** | <br>**$52.4MM** |
| **Debt and Capital Resources** |  |  |
| As of March 31, 2026, the Company had $29.2 million in cash and cash equivalents (including $28.1 million of restricted cash), total principal value of debt outstanding of $1,827.4 million, and $1,074.8 million of undrawn capacity on its revolving credit facility, subject to borrowing base and other limitations. The Company's weighted average interest rate on debt outstanding was 5.5% and 6.0% for the three-month periods ended March 31, 2026 and December 31, 2025, respectively. At March 31, 2026, the Company's debt to equity ratio was 1.18x, compared to 1.10x at December 31, 2025. Average debt to equity was 1.14x for the three-month period ended March 31, 2026, compared to 1.17x for the three-month period ended December 31, 2025. | **Total Principal Debt Outstanding** | **Total Principal Debt Outstanding** |
| As of March 31, 2026, the Company had $29.2 million in cash and cash equivalents (including $28.1 million of restricted cash), total principal value of debt outstanding of $1,827.4 million, and $1,074.8 million of undrawn capacity on its revolving credit facility, subject to borrowing base and other limitations. The Company's weighted average interest rate on debt outstanding was 5.5% and 6.0% for the three-month periods ended March 31, 2026 and December 31, 2025, respectively. At March 31, 2026, the Company's debt to equity ratio was 1.18x, compared to 1.10x at December 31, 2025. Average debt to equity was 1.14x for the three-month period ended March 31, 2026, compared to 1.17x for the three-month period ended December 31, 2025. | **$1,827.4MM** | **$1,827.4MM** |
| As of March 31, 2026, the Company had $29.2 million in cash and cash equivalents (including $28.1 million of restricted cash), total principal value of debt outstanding of $1,827.4 million, and $1,074.8 million of undrawn capacity on its revolving credit facility, subject to borrowing base and other limitations. The Company's weighted average interest rate on debt outstanding was 5.5% and 6.0% for the three-month periods ended March 31, 2026 and December 31, 2025, respectively. At March 31, 2026, the Company's debt to equity ratio was 1.18x, compared to 1.10x at December 31, 2025. Average debt to equity was 1.14x for the three-month period ended March 31, 2026, compared to 1.17x for the three-month period ended December 31, 2025. |  |  |
| As of March 31, 2026, the Company had $29.2 million in cash and cash equivalents (including $28.1 million of restricted cash), total principal value of debt outstanding of $1,827.4 million, and $1,074.8 million of undrawn capacity on its revolving credit facility, subject to borrowing base and other limitations. The Company's weighted average interest rate on debt outstanding was 5.5% and 6.0% for the three-month periods ended March 31, 2026 and December 31, 2025, respectively. At March 31, 2026, the Company's debt to equity ratio was 1.18x, compared to 1.10x at December 31, 2025. Average debt to equity was 1.14x for the three-month period ended March 31, 2026, compared to 1.17x for the three-month period ended December 31, 2025. | **Debt-to-Equity Ratio** | **Debt-to-Equity Ratio** |
| As of March 31, 2026, the Company had $29.2 million in cash and cash equivalents (including $28.1 million of restricted cash), total principal value of debt outstanding of $1,827.4 million, and $1,074.8 million of undrawn capacity on its revolving credit facility, subject to borrowing base and other limitations. The Company's weighted average interest rate on debt outstanding was 5.5% and 6.0% for the three-month periods ended March 31, 2026 and December 31, 2025, respectively. At March 31, 2026, the Company's debt to equity ratio was 1.18x, compared to 1.10x at December 31, 2025. Average debt to equity was 1.14x for the three-month period ended March 31, 2026, compared to 1.17x for the three-month period ended December 31, 2025. | &nbsp;&nbsp;**Q1 2026 Quarter End:** | &nbsp;&nbsp;**1.18x** |
| As of March 31, 2026, the Company had $29.2 million in cash and cash equivalents (including $28.1 million of restricted cash), total principal value of debt outstanding of $1,827.4 million, and $1,074.8 million of undrawn capacity on its revolving credit facility, subject to borrowing base and other limitations. The Company's weighted average interest rate on debt outstanding was 5.5% and 6.0% for the three-month periods ended March 31, 2026 and December 31, 2025, respectively. At March 31, 2026, the Company's debt to equity ratio was 1.18x, compared to 1.10x at December 31, 2025. Average debt to equity was 1.14x for the three-month period ended March 31, 2026, compared to 1.17x for the three-month period ended December 31, 2025. | &nbsp;&nbsp;**Q1 2026 Average**<sup>1</sup>**:** | **1.14x** |
| &nbsp;&nbsp;&nbsp;&nbsp;1.Daily average debt outstanding during the quarter divided by the average net assets during the quarter. Average net assets is calculated by starting with the prior quarter end net asset value and adjusting for capital activity during the quarter (adding common stock offerings / DRIP contributions). |  |  |

---

------

![img52863034_0.jpg](img52863034_0.jpg)

**LIQUIDITY AND FUNDING PROFILE**

**Liquidity**

The following tables summarize the Company's liquidity at March 31, 2026 and changes to unfunded commitments since December 31, 2025.

$ Millions

---

| | | | |
|:---|:---|:---|:---|
| **Revolving Credit Facility**<sup>1</sup> | **Revolving Credit Facility**<sup>1</sup> | **Unfunded Commitment Activity** | **Unfunded Commitment Activity** |
| **Revolver Capacity** | **$1525** | **Unfunded Commitments (See Note 8 in 12/31/25 10-K)**  | **$339** |
| Drawn on Revolver  | ($577) | Extinguished Unfunded Commitments  | ($7) |
| Unrestricted Cash Balance  | $1 | New Unfunded Commitments  | $220 |
| Issued Letters of Credit | ($23) | Net Drawdown of Unfunded Commitments | ($39) |
| **Total Liquidity (Pre-Unfunded Commitments)**  | **$926** | **Total Unfunded Commitments** | **$512** |
| Available Unfunded Commitments<sup>2</sup> | ($249) | Unavailable Unfunded Commitments<sup>2</sup> | ($263) |
| **Total Liquidity (Burdened for Unfunded Commitments)** | **$701** | **Available Unfunded Commitments**<sup>2</sup> | **$249** |

---

1. Adjusted for 17th amendment and extension to the revolving credit facility closed on May 1, 2026. As part of the transaction, $150 million of remaining non-extending commitments with a maturity of April 23, 2027 and a revolving period ending April 24, 2026 were terminated.

2. Commitments may be subject to limitations on borrowings set forth in the agreements between the Company and the applicable portfolio company. As a result, portfolio companies may not be eligible to borrow the full commitment amount on such date.

Note: May not sum due to rounding.

**Funding Profile**

At March 31, 2026, the Company's funding mix was comprised of approximately 68% unsecured and 32% secured debt. As illustrated below, the Company's nearest debt maturity is in August 2026 at $300 million, and the weighted average remaining life of investments funded with debt was ~2.5 years, compared to a weighted average remaining maturity on debt of ~3.9 years<sup>1,2</sup>.

![img52863034_1.jpg](img52863034_1.jpg)

1. Adjusted for 17th amendment and extension to the revolving credit facility closed on May 1, 2026. As part of the transaction, $150 million of remaining non-extending commitments with a maturity of April 23, 2027 and a revolving period ending April 24, 2026 were terminated.

2. Weighted by gross commitment amount.

Note: Numbers may not sum due to rounding.

------

![img52863034_0.jpg](img52863034_0.jpg)

# Conference Call and Webcast
**Conference Call Information:**

A conference call to discuss the Company's financial results will be held at 8:30 a.m. Eastern Time on May 6, 2026. The conference call will be broadcast live in listen-only mode on the Investor Resources section of TSLX's website at https://sixthstreetspecialtylending.gcs-web.com/events-and-presentations. The Events & Presentations page of the Investor Resources section of TSLX's website also includes a slide presentation that complements the Earnings Conference Call. Please visit the website to test your connection before the webcast.

Research analysts who wish to participate in the conference call must first register at https://register-conf.media-server.com/register/BI661ff50b864d41c7a257bed82c561eae. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call.

**Replay Information:**

A recorded version will be available under the same webcast link (https://sixthstreetspecialtylending.gcs-web.com/events-and-presentations) following the conclusion of the conference call.

------

![img52863034_0.jpg](img52863034_0.jpg)

# Financial Highlights
*(Amounts in millions, except per share amounts)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Three Months Ended** | **Three Months Ended** |  |  |
|  |  |  | **(unaudited)** | **(unaudited)** |  |  |
|  | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| Investments at Fair Value | $— | 3313.4 | $— | 3347.3 | $— | 3412.0 |
| Total Assets | $— | 3393.1 | $— | 3421.7 | $— | 3498.5 |
| Net Asset Value Per Share | $— | 16.24 | $— | 16.98 | $— | 17.04 |
| Supplemental Dividend Per Share | $— | 0.00 | $— | 0.01 | $— | 0.06 |
| Adjusted Net Asset Value Per Share <sup>(1)</sup> | $— | 16.24 | $— | 16.97 | $— | 16.98 |
| Investment Income | $— | 93.4 | $— | 108.2 | $— | 116.3 |
| Net Investment Income | $— | 39.8 | $— | 50.4 | $— | 58.0 |
| Net Income (Loss) | $— | (26.0) | $— | 30.0 | $— | 37.0 |
| Accrued Capital Gains Incentive Fee Expense | $— | 0.0 | $— | (1.8) | $— | (3.7) |
| Adjusted Net Investment Income <sup>(2)</sup> | $— | 39.8 | $— | 48.6 | $— | 54.3 |
| Adjusted Net Income (Loss) <sup>(2)</sup> | $— | (26.0) | $— | 28.2 | $— | 33.3 |
| Net Investment Income Per Share | $0.42 | 0.42 | $0.53 | 0.53 | $0.62 | 0.62 |
| Net Income (Loss) Per Share | $— | (0.27) | $0.32 | 0.32 | $0.39 | 0.39 |
| Accrued Capital Gains Incentive Fee Expense Per Share | $— | 0.0 | $— | (0.01) | $— | (0.04) |
| Adjusted Net Investment Income Per Share <sup>(2)</sup> | $— | 0.42 | $— | 0.52 | $— | 0.58 |
| Adjusted Net Income (Loss) Per Share <sup>(2)</sup> | $— | (0.27) | $— | 0.30 | $— | 0.36 |
| Annualized Return on Equity (Net Investment Income) <sup>(3)</sup> |  | 9.9% |  | 12.5% |  | 14.4% |
| Annualized Return on Equity (Net Income (Loss)) <sup>(3)</sup> | (6.5)% | (6.5)% |  | 7.4% |  | 9.2% |
| Annualized Return on Equity (Adjusted Net Investment Income) <sup>(2)(3)</sup> |  | 9.9% |  | 12.0% |  | 13.5% |
| Annualized Return on Equity (Adjusted Net Income (Loss)) <sup>(2)(3)</sup> | (6.5)% | (6.5)% |  | 7.0% |  | 8.3% |
| Weighted Average Yield of Debt and Income Producing Securities at Fair Value |  | 11.1% |  | 11.1% |  | 12.1% |
| Weighted Average Yield of Debt and Income Producing Securities at Amortized Cost |  | 11.2% |  | 11.3% |  | 12.3% |
| Percentage of Debt Investment Commitments at Floating Rates |  | 96.3% |  | 96.3% |  | 97.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Adjusted net asset value per share gives effect to the supplemental dividend declared related to earnings or special dividend in the applicable period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Adjusted to exclude the capital gains incentive fee that was accrued, but not paid, related to cumulative unrealized capital gains in excess of cumulative net realized capital gains less any cumulative unrealized losses and capital gains incentive fees paid inception to date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Return on equity is calculated using prior period's ending net asset value per share.

------

![img52863034_0.jpg](img52863034_0.jpg)

# Financial Statements and Tables
**Sixth Street Specialty Lending, Inc.**<br>Consolidated Balance Sheets

*(Amounts in thousands, except share and per share amounts)*

---

| | | |
|:---|:---|:---|
|  | **March 31, 2026** | **December 31, 2025** |
| **Assets** |  |  |
| Investments at fair value |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-controlled, non-affiliated investments (amortized cost of $3,228,777 and $3,244,762, respectively) | $3240271 | $3288945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-controlled, affiliated investments (amortized cost of $14,665, and $0, respectively) | 14665 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Controlled, affiliated investments (amortized cost of $80,890 and $78,520, respectively) | 58505 | 58372 |
| Total investments at fair value (amortized cost of $3,324,332 and $3,323,282, respectively) | 3313441 | 3347317 |
| Cash and cash equivalents (restricted cash of $28,072 and $16,727, respectively) | 29178 | 19662 |
| Interest receivable | 34547 | 34132 |
| Prepaid expenses and other assets | 15983 | 20544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $3393149 | $3421655 |
| **Liabilities** |  |  |
| Debt (net of deferred financing costs of $22,693 and $24,411, respectively) | $1803391 | $1743234 |
| Management fees payable to affiliate | 12275 | 12794 |
| Incentive fees on net investment income payable to affiliate | 8451 | 10336 |
| Incentive fees on net capital gains accrued to affiliate |  |  |
| Other payables to affiliate | 2808 | 3166 |
| Other liabilities | 23551 | 44404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | 1850476 | 1813934 |
| Commitments and contingencies (Note 8) |  |  |
| **Net Assets** |  |  |
| Preferred stock, $0.01 par value; 100,000,000 shares authorized; no shares<br> issued and outstanding |  |  |
| Common stock, $0.01 par value; 400,000,000 shares authorized, 95,683,850<br> and 95,369,400 shares issued, respectively; and 95,019,600 and 94,705,150<br> shares outstanding, respectively | 957 | 954 |
| Additional paid-in capital | 1541068 | 1535583 |
| Treasury stock at cost; 664,250 and 664,250 shares held, respectively | (10459) | (10459) |
| Distributable earnings | 11107 | 81643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Assets** | 1542673 | 1607721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Net Assets** | $3393149 | $3421655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net Asset Value Per Share** | $16.24 | $16.98 |

---

------

![img52863034_0.jpg](img52863034_0.jpg)

**Sixth Street Specialty Lending, Inc.**

Consolidated Statements of Operations

*(Amounts in thousands, except share and per share amounts)*

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **March 31, 2026** | **March 31, 2025** |
| **Income** |  |  |
| Investment income from non-controlled, non-affiliated investments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest from investments | $81807 | $104192 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paid-in-kind interest income | 6969 | 5360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | 237 | 908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | 2181 | 3459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income from non-controlled, non-affiliated investments | 91194 | 113919 |
| Investment income from non-controlled, affiliated investments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | 223 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income from non-controlled, affiliated investments | 223 |  |
| Investment income from controlled, affiliated investments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest from investments | 1971 | 2429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | 9 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income from controlled, affiliated investments | 1980 | 2430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Investment Income** | 93397 | 116349 |
| **Expenses** |  |  |
| Interest | 28258 | 32971 |
| Management fees | 12593 | 13083 |
| Incentive fees on net investment income | 8451 | 11516 |
| Incentive fees on net capital gains |  | (3686) |
| Professional fees | 1743 | 1961 |
| Directors' fees | 254 | 248 |
| Other general and administrative | 1369 | 1337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 52668 | 57430 |
| Management and incentive fees waived (Note 3) | (317) | (409) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net Expenses** | 52351 | 57021 |
| **Net Investment Income Before Income Taxes** | 41046 | 59328 |
| Income taxes, including excise taxes | 1204 | 1350 |
| **Net Investment Income** | 39842 | 57978 |
| **Unrealized and Realized Gains (Losses)** |  |  |
| Net change in unrealized gains (losses): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-controlled, non-affiliated investments | (32688) | (9438) |
| &nbsp;&nbsp;&nbsp;&nbsp;Controlled, affiliated investments | (2237) | (1379) |
| &nbsp;&nbsp;&nbsp;&nbsp;Translation of other assets and liabilities in foreign currencies | 8401 | (11043) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net change in unrealized gains (losses) | (26524) | (21860) |
| Realized gains (losses): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-controlled, non-affiliated investments | (39257) | 1115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency transactions | (86) | (278) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net realized gains (losses) | (39343) | 837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Unrealized and Realized Gains (Losses)** | (65867) | (21023) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Increase (Decrease) in Net Assets Resulting from Operations** | $(26025) | $36955 |
| Earnings per common share—basic and diluted | $(0.27) | $0.39 |
| Weighted average shares of common stock outstanding—basic and diluted | 94709407 | 93669671 |

---

------

![img52863034_0.jpg](img52863034_0.jpg)

The Company's investment activity for the quarter ended March 31, 2026 and 2026 presented below (information presented herein is at par value unless otherwise indicated).

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
| ($ in millions) | **March 31, 2026** | **March 31, 2025** |
| **New investment commitments:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross originations <sup>(1)</sup> | $1879.3 | $1254.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Syndications/sell downs <sup>(1)</sup> | 1541.2 | 1100.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total new investment commitments | $338.1 | $154.4 |
| **Principal amount of investments funded:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First-lien | $120.1 | $102.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second-lien |  | 18.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mezzanine |  | 13.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity |  | 2.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Structured Credit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Joint Venture | 14.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $134.8 | $136.8 |
| **Principal amount of investments sold or repaid:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First-lien | $110.1 | $267.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second-lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mezzanine |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity | 2.9 | 1.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Structured Credit |  | 1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Joint Venture |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $113.0 | $269.6 |
| **Number of new investment commitments in<br> new portfolio companies** | 3 | 6 |
| **Average new investment commitment amount in<br> new portfolio companies** <sup>(2)</sup> | $98.5 | $21.4 |
| **Weighted average term for new investment<br> commitments in new portfolio companies<br> (in years)** <sup>(2)</sup> | 6.3 | 5.2 |
| **Percentage of new debt investment commitments <br> at floating rates** | 100.0% | 85.1% |
| **Percentage of new debt investment commitments <br> at fixed rates** | 0.0% | 14.9% |
| **Weighted average interest rate of new<br> investment commitments** | 9.6% | 11.3% |
| **Weighted average spread over reference rate of new <br> floating rate investment commitments** | 6.1% | 7.0% |
| **Weighted average interest rate on investments<br> fully sold or paid down** | 10.4% | 11.8% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Includes affiliates of Sixth Street.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.For three months ended March 31, 2026, includes the joint venture investment commitment of $200.0 million which is excluded<br>from the calculation of weighted average term for new investment commitments in new portfolio companies.

------

![img52863034_0.jpg](img52863034_0.jpg)

**About Sixth Street Specialty Lending** 

Sixth Street Specialty Lending is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. The Company has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. The Company is externally managed by Sixth Street Specialty Lending Advisers, LLC, an affiliate of Sixth Street and a Securities and Exchange Commission ("SEC") registered investment adviser. The Company leverages the deep investment, sector, and operating resources of Sixth Street, a global investment firm with over $130 billion in assets under management and committed capital. For more information, visit the Company's website at https://sixthstreetspecialtylending.com.

**About Sixth Street** 

Sixth Street is a global investment firm with over $130 billion in assets under management and committed capital. The firm uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Founded in 2009, Sixth Street has more than 750 team members including over 300 investment professionals around the world. For more information, visit https://sixthstreet.com or follow Sixth Street on LinkedIn.

**Forward-Looking Statements** 

Statements included herein may constitute "forward-looking statements," within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995, which relate to future events or the Company's future performance or financial condition. These forward-looking statements can be identified by the use of forward-looking terminology, such as "outlook," "indicator," "believes," "expects," "potential," "continues," "may," "can," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates", "confident," "conviction," "identified" or the negative versions of these words or other comparable words thereof. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company's filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Except as otherwise required by federal securities laws, the Company assumes no obligation to update any such forward-looking statements, whether as a result of new information, future developments or otherwise.

**Non-GAAP Financial Measures** 

Adjusted net investment income and adjusted net income are each non-GAAP financial measures, which represent net investment income and net income, respectively, in each case less the impact of accrued capital gains incentive fee expenses. The Company believes that adjusted net investment income and adjusted net income provide useful information to investors regarding the fundamental earnings power of the business, and these figures are used by the Company to measure its financial condition and results of operations. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP.

Investors:

Cami Senatore, 469-621-2033<br>Sixth Street Specialty Lending<br>IRTSLX@sixthstreet.com

Media:

Patrick Clifford, 617-793-2004<br>Sixth Street<br>PClifford@sixthstreet.com

------