10-Q Filing

SIXTH STREET LENDING PARTNERS CIK: 1925309 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-024459`
Period End Date	20220930
Filing Date	20221110
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	ck0001925309-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 29 Income Statement 45 Cash Flow Statement 25

Balance Sheet 29 line items

Line Item	Tag	Value	Unit	Period
Investments at amortized cost	`InvestmentOwnedAtCost`	$104.20M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$2.49M	USD	Point-in-time
Investments at fair value	`InvestmentOwnedAtFairValue`	$104.45M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$291.37M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	1,200.00	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	7.29M	shares	Point-in-time
Interest receivable	`InterestReceivable`	$918.00K	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	2.21M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$586.00K	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	7.29M	shares	Point-in-time
Total Assets	`Assets`	$397.33M	USD	Point-in-time
Debt (net of deferred financing costs of $2,493)	`LongTermDebt`	$214.70M	USD	Point-in-time
Management fees payable to affiliate	`ManagementFeePayable`	$26.00K	USD	Point-in-time
Incentive fees on net capital gains accrued to affiliate	`IncentiveFeesOnNetCapitalGainsAccruedToAffiliate`	$47.00K	USD	Point-in-time
Other payables to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$759.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$2.46M	USD	Point-in-time
Total Liabilities	`Liabilities`	$218.00M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, $0.001 par value; unlimited shares authorized, 7,287,800 shares issued and outstanding	`CommonStockValue`	$73.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$180.53M	USD	Point-in-time
Accumulated net loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.27M	USD	Point-in-time
Total Net Assets	`AssetsNet`	$-179.33M	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$397.33M	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$24.61	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$25.00	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Interest	`InterestExpense`	$400.00K	USD	1 Quarter
Interest	`InterestExpense`	$400.00K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$407.00K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$407.00K	USD	1 Quarter
Incentive fees on net capital gains	`IncentiveFeesOnNetCapitalGains`	$47.00K	USD	2 Qtrs
Incentive fees on net capital gains	`IncentiveFeesOnNetCapitalGains`	$47.00K	USD	1 Quarter
Organizational fees	`OrganizationalFees`	$1.42M	USD	2 Qtrs
Organizational fees	`OrganizationalFees`	$482.00K	USD	1 Quarter
Offering fees	`OfferingFees`	$35.00K	USD	1 Quarter
Offering fees	`OfferingFees`	$36.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$272.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$275.00K	USD	2 Qtrs
Trustees' fees	`TrusteeFees`	$116.00K	USD	1 Quarter
Trustees' fees	`TrusteeFees`	$116.00K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$298.00K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$295.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.00M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$2.05M	USD	1 Quarter
Management fees waived (Note 3)	`ManagementFeeWaived`	$381.00K	USD	2 Qtrs
Management fees waived (Note 3)	`ManagementFeeWaived`	$381.00K	USD	1 Quarter
Net Expenses	`NetExpense`	$2.62M	USD	2 Qtrs
Net Expenses	`NetExpense`	$1.67M	USD	1 Quarter
Net Investment Loss	`NetInvestmentLoss`	$-707.00K	USD	1 Quarter
Net Investment Loss	`NetInvestmentLoss`	$-1.65M	USD	2 Qtrs
Unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$259.00K	USD	2 Qtrs
Translation of other assets and liabilities in foreign currencies	`ForeignCurrencyTransactionGainLossUnrealized`	$173.00K	USD	1 Quarter
Translation of other assets and liabilities in foreign currencies	`ForeignCurrencyTransactionGainLossUnrealized`	$173.00K	USD	2 Qtrs
Total net change in unrealized gains	`NetChangeInUnrealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$432.00K	USD	1 Quarter
Total net change in unrealized gains	`NetChangeInUnrealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$432.00K	USD	2 Qtrs
Foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-56.00K	USD	1 Quarter
Foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-56.00K	USD	2 Qtrs
Total net realized losses	`NetChangeInRealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$-56.00K	USD	2 Qtrs
Total net realized losses	`NetChangeInRealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$-56.00K	USD	1 Quarter
Total Net Unrealized and Realized Gains	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$376.00K	USD	1 Quarter
Total Net Unrealized and Realized Gains	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$376.00K	USD	2 Qtrs
Decrease in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$-331.00K	USD	1 Quarter
Decrease in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$-1.27M	USD	2 Qtrs
Loss per common share-basic	`EarningsPerShareBasic`	$-0.47	USD	2 Qtrs
Loss per common share-basic	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Weighted average shares of common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.70M	shares	2 Qtrs
Weighted average shares of common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.70M	shares	1 Quarter
Loss per common share-diluted	`EarningsPerShareDiluted`	$-0.47	USD	2 Qtrs
Loss per common share-diluted	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter
Weighted average shares of common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.70M	shares	2 Qtrs
Weighted average shares of common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.70M	shares	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Decrease in net assets resulting from operations	`ProfitLoss`	$-1.27M	USD	2 Qtrs
Net change in unrealized (gains) on investments	`UnrealizedGainLossOnInvestments`	$259.00K	USD	2 Qtrs
Net change in unrealized (gains) on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$173.00K	USD	1 Quarter
Net change in unrealized (gains) on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$173.00K	USD	2 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$48.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$103.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$103.00K	USD	1 Quarter
Purchases and originations of investments, net	`PurchasesAndOriginationsOfInvestmentsNet`	$104.15M	USD	2 Qtrs
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$918.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$586.00K	USD	2 Qtrs
Management fees payable to affiliate	`IncreaseDecreaseInManagementFeesPayableToAffiliate`	$26.00K	USD	2 Qtrs
Incentive fees on net capital gains accrued to affiliate	`IncreaseDecreaseInIncentiveFeesOnNetCapitalGainsAccruedToAffiliate`	$47.00K	USD	2 Qtrs
Payable to affiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-759.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.46M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-104.01M	USD	2 Qtrs
Borrowings on debt	`ProceedsFromShortTermDebt`	$217.37M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$2.60M	USD	2 Qtrs
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$30.00K	USD	Point-in-time
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$55.14M	USD	Point-in-time
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$125.43M	USD	Point-in-time
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$180.60M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$395.38M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$291.37M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$291.37M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$291.37M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.