Caroline Phillips

Simpson Thacher represented Sixth Street Lending Partners (“SSLP”) in its offering of $150,000,000 aggregate principal amount of its 6.5% Notes due 2029. The Notes are a further issuance of, and form a single series with, the previously issued $600,000,000 aggregate principal amount of 6.5% notes due 2029 on March 11, 2024. SSLP intends to use the net proceeds from the offering to pay down a portion of its outstanding indebtedness. The transaction closed on June 17, 2024.~~SSLP is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. SSLP had approximately $4.4 billion of investments at fair value as of March 31, 2024. SSLP’s investment objective is to generate current income by targeting investments with favorable risk-adjusted returns.~~Sixth Street Lending Partners Advisers, LLC, an affiliate of Sixth Street Partners, is SSLP’s investment adviser.~~The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Andrew Jones and Earl Quermorllue (Registered Funds); Katharine Thompson (Capital Markets); and Russell Light, Caroline Phillips and Zev Klein (Tax).

Jun 24

1 min

Simpson Thacher represented Sixth Street Lending Partners (the “Fund”) in its offering of $600.0 million aggregate principal amount of its 6.500% Notes due 2029. The Fund intends to use the net proceeds from the offering to pay down a portion of the Fund’s outstanding indebtedness. The transaction closed on March 11, 2024.~~The Fund is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Fund had approximately $3.1 billion of investments at fair value as of December 31, 2023. The Fund’s investment objective is to generate current income by targeting investments with favorable risk-adjusted returns.~~Sixth Street Lending Partners Advisers, LLC, an affiliate of Sixth Street Partners, is the Fund’s investment adviser.~~The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Matthew Mai, Andrew Jones and Earl Quermorllue (Registered Funds); Katharine Thompson (Capital Markets); and Russell Light, Caroline Phillips and Jiha Min (Tax).

Mar 18

1 min

Simpson Thacher represented MidCap Financial Investment Corporation (NASDAQ: MFIC) in an SEC-registered “at-the-market” equity program pursuant to which MFIC’s shares of common stock, having an aggregate sales price of up to $200 million, may be sold from time to time under the program by Truist Securities, Inc. and Jefferies LLC, as sales agents.~~MFIC is an externally managed, diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. MFIC had approximately $2.44 billion in investments at fair value as of June 30, 2024. MFIC’s primary investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation.~~Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, is MFIC’s investment adviser.~~The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Kaitlyn Bello and Sherry Liu (Registered Funds); and Russell Light and Caroline Phillips (Tax).

Aug 16

1 min

Simpson Thacher represented Centerbridge Partners, L.P. (“Centerbridge”) in connection with the establishment of a joint venture backed by Centerbridge-affiliated funds and global institutional investors to acquire over $1.25 billion in new marinas across the United States, with Suntex Marina Investors LLC (“Suntex”) also contributing funds and managing the marinas in exchange for a fee. Simpson Thacher previously represented Centerbridge in connection with the recapitalization of Suntex in 2021. In conjunction with the deal, the joint venture has closed on an up to $600 million revolving credit facility led by Wells Fargo Bank.~~Suntex engages in the ownership and management of marina properties. The executive officers at Suntex have over 100 years combined experience investing in, acquiring and managing marinas. Suntex prides itself on a growing reputation in the marina industry for its commitment to superior customer service, experienced marina managers and staff, conscious contributions to marina communities and expansive enthusiasm for creating memorable experiences on the water.~~The Simpson Thacher team includes Benjamin Schaye and David Goodman (M&A); Jonathan Karen, Linda Tieh, Jeannette Figg, Lawton Salley, Emma Snover and Rebecca Wang (Funds); Greg Ressa and Danielle Jackson (Real Estate); Marcy Geller, Caroline Phillips and Michael Slomovics (Tax); Brian Steinhardt, Kyle Nelson and Emma Li (Credit); and Kate Mirino (Intellectual Property).

Sep 4

1 min

Simpson Thacher represented Sixth Street Lending Partners (“SSLP”) in its offering of $600,000,000 aggregate principal amount of its 5.750% Notes due 2030. SSLP intends to use the net proceeds from the offering to pay down a portion of its outstanding indebtedness. The transaction closed on September 16, 2024.~~SSLP is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. SSLP had approximately $5.0 billion of investments at fair value as of June 30, 2024. SSLP’s investment objective is to generate current income by targeting investments with favorable risk-adjusted returns.~~Sixth Street Lending Partners Advisers, LLC, an affiliate of Sixth Street Partners, is SSLP’s investment adviser.~~The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Andrew Jones and Earl Quermorllue (Registered Funds); and Russell Light, Caroline Phillips and Sean Largey (Tax).

Sep 23

1 min