10-K Filing

SIXTH STREET LENDING PARTNERS CIK: 1925309 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-016336`
Period End Date	20231231
Filing Date	20240216
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ck0001925309-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 81 Cash Flow Statement 55

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Deferred financing costs	`DeferredFinanceCostsNet`	$8.15M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$3.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$274.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.81M	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
Interest receivable	`InterestReceivable`	$7.81M	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	65.48M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	21.88M	shares	Point-in-time
Interest receivable	`InterestReceivable`	$27.94M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	65.48M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	21.88M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$2.36M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$485.00K	USD	Point-in-time
Total Assets	`Assets`	$3.14B	USD	Point-in-time
Total Assets	`Assets`	$1.09B	USD	Point-in-time
Debt (net of deferred financing costs of $8,153 and $3,911, respectively)	`LongTermDebt`	$534.08M	USD	Point-in-time
Debt (net of deferred financing costs of $8,153 and $3,911, respectively)	`LongTermDebt`	$1.24B	USD	Point-in-time
Management fees payable to affiliate	`ManagementFeePayable`	$2.90M	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
Incentive fees on net investment income payable to affiliate	`IncentiveFeesOnNetInvestmentIncomePayableToAffiliate`	$7.18M	USD	Point-in-time
Incentive fees on net capital gains accrued to affiliate	`IncentiveFeesOnNetCapitalGainsAccruedToAffiliate`	$6.75M	USD	Point-in-time
Other payables to affiliate	`OtherPayablesToAffiliate`	$4.06M	USD	Point-in-time
Other payables to affiliate	`OtherPayablesToAffiliate`	$2.41M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$43.87M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$18.23M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$5.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.32B	USD	Point-in-time
Total Liabilities	`Liabilities`	$545.00M	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, 65,478,775 and 21,882,028 shares issued and outstanding, respectively	`CommonStockValue`	$65.00K	USD	Point-in-time
Common shares, $0.001 par value; unlimited shares authorized, 65,478,775 and 21,882,028 shares issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.73B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$542.60M	USD	Point-in-time
Distributable earnings	`RetainedEarningsAccumulatedDeficit`	$82.58M	USD	Point-in-time
Distributable earnings	`RetainedEarningsAccumulatedDeficit`	$4.09M	USD	Point-in-time
Total Net Assets	`AssetsNet`	$-546.71M	USD	Point-in-time
Total Net Assets	`AssetsNet`	$-1.82B	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$3.14B	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$26.13	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$25.77	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$24.61	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$27.19	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$25.00	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$27.75	USD	Point-in-time
Net Asset Value Per Share	`NetAssetValuePerShare`	$24.98	USD	Point-in-time

Income Statement 81 line items

Line Item	Tag	Value	Unit	Period
Total Investment Income	`NonoperatingIncomeExpense`	$57.79M	USD	1 Quarter
Total Investment Income	`NonoperatingIncomeExpense`	$16.19M	USD	1 Quarter
Total Investment Income	`NonoperatingIncomeExpense`	$966.00K	USD	1 Quarter
Total Investment Income	`NonoperatingIncomeExpense`	$90.78M	USD	1 Quarter
Total Investment Income	`NonoperatingIncomeExpense`	$66.48M	USD	1 Quarter
Total Investment Income	`NonoperatingIncomeExpense`	$31.02M	USD	1 Quarter
Interest	`InterestExpense`	$72.36M	USD	Annual
Interest	`InterestExpense`	$5.23M	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$2.67M	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$25.23M	USD	Annual
Incentive fees on net investment income	`IncentiveFeesOnNetInvestmentIncome`	$19.29M	USD	Annual
Incentive fees on net investment income	`IncentiveFeesOnNetInvestmentIncome`	$1.03M	USD	3 Qtrs
Incentive fees on net capital gains	`IncentiveFeesOnNetCapitalGains`	$6.75M	USD	Annual
Organizational expense	`OrganizationalFees`	$2.16M	USD	3 Qtrs
Organizational expense	`OrganizationalFees`	$49.00K	USD	Annual
Offering expense	`OfferingFees`	$102.00K	USD	3 Qtrs
Offering expense	`OfferingFees`	$1.08M	USD	Annual
Professional fees	`ProfessionalFees`	$3.25M	USD	Annual
Professional fees	`ProfessionalFees`	$963.00K	USD	3 Qtrs
Trustees' fees	`TrusteeFees`	$743.00K	USD	Annual
Trustees' fees	`TrusteeFees`	$263.00K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$919.00K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$4.30M	USD	Annual
Total expenses	`OperatingExpenses`	$133.04M	USD	Annual
Total expenses	`OperatingExpenses`	$13.34M	USD	3 Qtrs
Management fees waived (Note 3)	`ManagementFeesWaived`	$-16.74M	USD	Annual
Management fees waived (Note 3)	`ManagementFeesWaived`	$-1.99M	USD	3 Qtrs
Net Expenses	`NetExpense`	$41.66M	USD	1 Quarter
Net Expenses	`NetExpense`	$11.34M	USD	3 Qtrs
Net Expenses	`NetExpense`	$116.29M	USD	Annual
Net Expenses	`NetExpense`	$15.65M	USD	1 Quarter
Net Expenses	`NetExpense`	$24.96M	USD	1 Quarter
Net Expenses	`NetExpense`	$8.95M	USD	1 Quarter
Net Expenses	`NetExpense`	$34.03M	USD	1 Quarter
Net Expenses	`NetExpense`	$1.67M	USD	1 Quarter
Net Investment Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.81M	USD	3 Qtrs
Net Investment Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$129.78M	USD	Annual
Income taxes, including excise taxes	`IncomeTaxExpenseBenefit`	$1.50M	USD	Annual
Income taxes, including excise taxes	`IncomeTaxExpenseBenefit`	$220.00K	USD	3 Qtrs
Net Investment Income	`NetInvestmentGainLoss`	$48.69M	USD	1 Quarter
Net Investment Income	`NetInvestmentGainLoss`	$7.24M	USD	1 Quarter
Net Investment Income	`NetInvestmentGainLoss`	$15.12M	USD	1 Quarter
Net Investment Income	`NetInvestmentGainLoss`	$-707.00K	USD	1 Quarter
Net Investment Income	`NetInvestmentGainLoss`	$32.06M	USD	1 Quarter
Net Investment Income	`NetInvestmentGainLoss`	$32.42M	USD	1 Quarter
Net Investment Income	`NetInvestmentGainLoss`	$5.59M	USD	3 Qtrs
Net Investment Income	`NetInvestmentGainLoss`	$128.28M	USD	Annual
Non-controlled, non-affiliated investments	`UnrealizedGainLossOnInvestments`	$-229.00K	USD	3 Qtrs
Non-controlled, non-affiliated investments	`UnrealizedGainLossOnInvestments`	$61.55M	USD	Annual
Translation of other assets and liabilities in foreign currencies	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.43M	USD	3 Qtrs
Translation of other assets and liabilities in foreign currencies	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.80M	USD	Annual
Total net change in unrealized gains (losses)	`NetChangeInUnrealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$-1.66M	USD	3 Qtrs
Total net change in unrealized gains (losses)	`NetChangeInUnrealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$56.76M	USD	Annual
Foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-80.00K	USD	3 Qtrs
Foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-1.04M	USD	Annual
Total net realized gains (losses)	`NetChangeInRealizedGainsLossesOnInvestmentsAndForeignCurrencyTranslation`	$-1.04M	USD	Annual
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`	$12.75M	USD	1 Quarter
Total Net Unrealized and Realized Gains (Losses)	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$13.10M	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
Total Net Unrealized and Realized Gains (Losses)	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$410.00K	USD	1 Quarter
Total Net Unrealized and Realized Gains (Losses)	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$29.45M	USD	1 Quarter
Total Net Unrealized and Realized Gains (Losses)	`InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency`	$55.71M	USD	Annual
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$32.83M	USD	1 Quarter
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$61.50M	USD	1 Quarter
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$5.12M	USD	1 Quarter
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$3.85M	USD	3 Qtrs
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$61.44M	USD	1 Quarter
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$28.22M	USD	1 Quarter
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$-330.00K	USD	1 Quarter
Increase (Decrease) in Net Assets Resulting from Operations	`NetIncomeLoss`	$183.99M	USD	Annual
Earnings per common share-basic	`EarningsPerShareBasic`	$0.55	USD	3 Qtrs
Earnings per common share-basic	`EarningsPerShareBasic`	$5.30	USD	Annual
Weighted average shares of common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.75M	shares	Annual
Weighted average shares of common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.03M	shares	3 Qtrs
Earnings per common share-diluted	`EarningsPerShareDiluted`	$5.30	USD	Annual
Earnings per common share-diluted	`EarningsPerShareDiluted`	$0.55	USD	3 Qtrs
Weighted average shares of common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.75M	shares	Annual
Weighted average shares of common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.03M	shares	3 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Increase (Decrease) in net assets resulting from operations	`ProfitLoss`	$183.99M	USD	Annual
Increase (Decrease) 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 investments	`UnrealizedGainLossOnInvestments`	$61.55M	USD	Annual
Net change in unrealized (gains) losses on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.43M	USD	3 Qtrs
Net change in unrealized (gains) losses on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.80M	USD	Annual
Net realized (gains) losses on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized1`	$21.00K	USD	Annual
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
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$11.82M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$5.22M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$460.00K	USD	3 Qtrs
Purchases and originations of investments, net	`PurchasesAndOriginationsOfInvestmentsNet`	$808.26M	USD	3 Qtrs
Purchases and originations of investments, net	`PurchasesAndOriginationsOfInvestmentsNet`	$2.29B	USD	Annual
Repayments on investments	`RepaymentOnInvestments`	$80.12M	USD	Annual
Paid-in-kind interest	`InterestIncomeOperatingPaidInKind`	$11.14M	USD	Annual
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$16.84M	USD	Annual
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$7.81M	USD	3 Qtrs
Interest receivable paid-in-kind	`IncreaseDecreaseInInterestReceivablePaidInKind`	$-3.28M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$485.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.88M	USD	Annual
Management fees payable to affiliate	`IncreaseDecreaseInManagementFeesPayableToAffiliate`	$2.25M	USD	Annual
Management fees payable to affiliate	`IncreaseDecreaseInManagementFeesPayableToAffiliate`	$650.00K	USD	3 Qtrs
Incentive fees on net investment income payable to affiliate	`IncreaseDecreaseInIncentiveFeesOnNetInvestmentIncomePayableToAffiliate`	$-6.16M	USD	Annual
Incentive fees on net investment income payable to affiliate	`IncreaseDecreaseInIncentiveFeesOnNetInvestmentIncomePayableToAffiliate`	$-1.03M	USD	3 Qtrs
Incentive fees on net capital gains accrued to affiliate	`IncreaseDecreaseInIncentiveFeesOnNetCapitalGainsAccruedToAffiliate`	$6.75M	USD	Annual
Other payables to affiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$1.66M	USD	Annual
Other payables to affiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-4.06M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$13.05M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.18M	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-800.42M	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.09B	USD	Annual
Borrowings on debt	`ProceedsFromShortTermDebt`	$2.89B	USD	Annual
Borrowings on debt	`ProceedsFromShortTermDebt`	$816.54M	USD	3 Qtrs
Repayments on debt	`RepaymentsOfShortTermDebt`	$2.18B	USD	Annual
Repayments on debt	`RepaymentsOfShortTermDebt`	$280.00M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$4.37M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$9.46M	USD	Annual
Dividends paid to shareholders	`PaymentsOfDividends`	$19.76M	USD	Annual
Capital calls	`CapitalCall`	$542.86M	USD	3 Qtrs
Capital calls	`CapitalCall`	$1.15B	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.83B	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.08B	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$274.61M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-265.80M	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.81M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.61M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.81M	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
Interest paid during the period	`InterestPaidNet`	$57.31M	USD	Annual
Excise and other taxes paid during the period	`ExciseAndOtherTaxesPaidDuringThePeriod`	$395.00K	USD	Annual
Dividends declared during the period	`DividendsDeclaredDuringThePeriod`	$107.00M	USD	Annual
Dividends declared during the period	`DividendsDeclaredDuringThePeriod`	-	USD	Annual
Reinvestment of dividends during the period	`ReinvestmentOfDividends`	$43.37M	USD	Annual

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