10-K Filing

SIXTH STREET LENDING PARTNERS CIK: 1925309 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0000950170-23-003209`
Period End Date	20221231
Filing Date	20230217
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	ck0001925309-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 31 Income Statement 35 Cash Flow Statement 29

Balance Sheet 31 line items

Line Item	Tag	Value	Unit	Period
Investments at amortized cost	`InvestmentOwnedAtCost`	$809.03M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$3.91M	USD	Point-in-time
Investments at fair value	`InvestmentOwnedAtFairValue`	$808.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$274.61M	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
Common shares, issued	`CommonStockSharesIssued`	4.00M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	1,200.00	shares	Point-in-time
Interest receivable	`InterestReceivable`	$7.81M	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	2.21M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	7.60M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	5.08M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	21.88M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$485.00K	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	21.88M	shares	Point-in-time
Total Assets	`Assets`	$1.09B	USD	Point-in-time
Debt (net of deferred financing costs of $3,911)	`LongTermDebt`	$534.08M	USD	Point-in-time
Management fees payable to affiliate	`ManagementFeePayable`	$650.00K	USD	Point-in-time
Incentive fees on net investment income payable to affiliate	`IncentiveFeesOnNetInvestmentIncomePayableToAffiliate`	$1.03M	USD	Point-in-time
Other payables to affiliate	`DueToAffiliateCurrentAndNoncurrent`	$4.06M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$5.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$545.00M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, $0.001 par value; unlimited shares authorized, 21,882,028 shares issued and outstanding	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$542.60M	USD	Point-in-time
Distributable earnings	`RetainedEarningsAccumulatedDeficit`	$4.09M	USD	Point-in-time
Total Net Assets	`AssetsNet`	$-546.71M	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$25.00	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$24.61	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$24.98	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Total Investment Income	`NonoperatingIncomeExpense`	$966.00K	USD	1 Quarter
Total Investment Income	`NonoperatingIncomeExpense`	$16.19M	USD	1 Quarter
Interest	`InterestExpense`	$5.23M	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$2.67M	USD	3 Qtrs
Incentive fees on net investment income	`IncentiveFeesOnNetInvestmentIncome`	$1.03M	USD	3 Qtrs
Organizational expense	`OrganizationalFees`	$2.16M	USD	3 Qtrs
Offering expense	`OfferingFees`	$102.00K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$963.00K	USD	3 Qtrs
Trustees' fees	`TrusteeFees`	$263.00K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$919.00K	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$13.34M	USD	3 Qtrs
Management fees waived (Note 3)	`ManagementFeeWaived`	$1.99M	USD	3 Qtrs
Net Expenses	`NetExpense`	$8.95M	USD	1 Quarter
Net Expenses	`NetExpense`	$11.34M	USD	3 Qtrs
Net Expenses	`NetExpense`	$1.67M	USD	1 Quarter
Net Investment Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.81M	USD	3 Qtrs
Income taxes, including excise taxes	`IncomeTaxExpenseBenefit`	$220.00K	USD	3 Qtrs
Net Investment Income	`InvestmentIncomeNet`	$7.24M	USD	1 Quarter
Net Investment Income	`InvestmentIncomeNet`	$-707.00K	USD	1 Quarter
Net Investment Income	`InvestmentIncomeNet`	$5.59M	USD	3 Qtrs
Unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$-229.00K	USD	3 Qtrs
Translation of other assets and liabilities in foreign currencies	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.43M	USD	3 Qtrs
Total net change in unrealized gains (losses)	`NetChangeInUnrealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$-1.66M	USD	3 Qtrs
Foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-80.00K	USD	3 Qtrs
Total net realized gains (losses)	`NetChangeInRealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$-80.00K	USD	3 Qtrs
Total Net Unrealized and Realized Gains (Losses)	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$-2.12M	USD	1 Quarter
Total Net Unrealized and Realized Gains (Losses)	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$-1.74M	USD	3 Qtrs
Total Net Unrealized and Realized Gains (Losses)	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$377.00K	USD	1 Quarter
Increase (decrease) in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$5.12M	USD	1 Quarter
Increase (decrease) in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$3.85M	USD	3 Qtrs
Increase (decrease) in Net Assets Resulting from Operations	`InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease`	$-330.00K	USD	1 Quarter
Earnings per common sharebasic	`EarningsPerShareBasic`	$0.55	USD	3 Qtrs
Weighted average shares of common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.03M	shares	3 Qtrs
Earnings per common sharediluted	`EarningsPerShareDiluted`	$0.55	USD	3 Qtrs
Weighted average shares of common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.03M	shares	3 Qtrs

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Increase in net assets resulting from operations	`ProfitLoss`	$3.85M	USD	3 Qtrs
Net change in unrealized (gains) losses on investments	`UnrealizedGainLossOnInvestments`	$-229.00K	USD	3 Qtrs
Net change in unrealized (gains) losses on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.43M	USD	3 Qtrs
Net realized (gains) losses on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized1`	$-20.00K	USD	3 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$770.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$460.00K	USD	3 Qtrs
Purchases and originations of investments, net	`PurchasesAndOriginationsOfInvestmentsNet`	$808.26M	USD	3 Qtrs
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$7.81M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$485.00K	USD	3 Qtrs
Management fees payable to affiliate	`IncreaseDecreaseInManagementFeesPayableToAffiliate`	$650.00K	USD	3 Qtrs
Incentive fees on net investment income payable to affiliate	`IncreaseDecreaseInIncentiveFeesOnNetInvestmentIncomePayableToAffiliate`	$-1.03M	USD	3 Qtrs
Other payables to affiliate	`IncreaseDecreaseInDueFromOtherPayableToAffiliatesCurrent`	$-4.06M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.18M	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-800.42M	USD	3 Qtrs
Borrowings on debt	`ProceedsFromShortTermDebt`	$816.54M	USD	3 Qtrs
Repayments on debt	`RepaymentsOfShortTermDebt`	$280.00M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$4.37M	USD	3 Qtrs
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$100.00M	USD	Point-in-time
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`	$75.00M	USD	Point-in-time
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$125.43M	USD	Point-in-time
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$187.26M	USD	Point-in-time
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$542.86M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.08B	USD	3 Qtrs
Net Increase (decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$274.61M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.61M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.61M	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$1.02M	USD	3 Qtrs

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