Sixth Street Specialty Lending, Inc. Expands its Board of Directors and Appoints P. Emery Covington to the Board
14 Julio 2023 - 3:05PM
Business Wire
The board of directors (the “Board”) of Sixth Street Specialty
Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced
today that Ms. P. Emery (“Pem”) Covington was appointed to the
Company’s Board of Directors on July 10, 2023. Ms. Covington’s
appointment brings the total number of directors to ten, six of
whom are not “interested persons” of the Company as defined in
Section 2(a)(19) of the Investment Company Act of 1940, as amended.
Ms. Covington will serve on the Company’s Board as a Class II
director who is not an “interested person” until the date of the
Company’s 2025 Annual Meeting of Stockholders or until her
successor is duly elected and qualified. Also on July 10, 2023, Ms.
Covington was appointed as a member of the Company’s Audit
Committee, Compensation Committee and Nominating and Corporate
Governance Committee.
Ms. Covington retired as an Executive Vice President and Head of
Commercial Credit Risk at Truist Bank (formerly SunTrust Bank),
leading a credit execution team from 2009 through 2020 spanning a
diversified exposure of businesses across the SunTrust footprint.
She also served as a member of the Senior Credit Committee. Prior
to joining SunTrust, Ms. Covington was a Managing Director at
NewStar Financial from 2004, creating the Portfolio Management
platform. Prior to joining NewStar Financial, Ms. Covington served
in various leadership and credit-oriented roles at Fleet Boston
Financial Group over a period of 24 years, most recently as
Executive Vice President. Ms. Covington began her career as part of
the Corporate Bank loan officer and management training program at
Chemical Bank. Ms. Covington holds an A.B. in English (cum laude
with Honors) from Smith College. She previously served on the Board
of Risk Management Associates, including as Chair of the
Professional Development Council and the Specialized Lending
Council, and on the Board of the Women and Infants Foundation Board
in Providence, Rhode Island.
“We are pleased to welcome Pem to our board. Her depth of
experience across credit and risk function responsibilities and
through her time within both banking and non-banking environments
will provide valuable perspectives for our business,” said Joshua
Easterly, Chairman of TSLX.
Mr. Easterly also noted, “We believe the quality of our Board
differentiates our business and benefits our shareholders. Since
2018, through the ongoing leadership of our Nominating and
Corporate Governance Committee, we have doubled the size of the
TSLX Board and added highly qualified candidates who bring new and
diverse experience to our Board.”
About Sixth Street Specialty Lending, Inc.
Sixth Street Specialty Lending, Inc. 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 an SEC registered investment
adviser. The Company leverages the deep investment, sector, and
operating resources of Sixth Street, a global investment firm with
over $65 billion in assets under management as of March 31,
2023.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements,” which relate to future events or the Company’s future
performance or financial condition. These forward-looking
statements are not historical facts, but rather are based on
current expectations, estimates and projections about the Company,
its current and prospective portfolio investments, its industry,
its beliefs and opinions, and its assumptions. Words such as
“anticipates,” “expects,” “intends,” “plans,” “will,” “may,”
“continue,” “believes,” “seeks,” “estimates,” “would,” “could,”
“should,” “targets,” “projects,” “outlook,” “potential,” “predicts”
and variations of these words and similar expressions are intended
to identify forward-looking statements. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the
Company’s control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements including, without limitation, the
risks, uncertainties and other factors identified in the Company’s
filings with the SEC. Investors should not place undue reliance on
these forward-looking statements, which apply only as of the date
on which the Company makes them. The Company does not undertake any
obligation to update or revise any forward-looking statements or
any other information contained herein, except as required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230714105287/en/
Investors:
Cami VanHorn, 469-621-2033 Sixth Street Specialty Lending
IRTSLX@sixthstreet.com
Media:
Patrick Clifford, 617-793-2004 Sixth Street
PClifford@sixthstreet.com
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