/biz/ - Business & Finance

>>55462924
>The acquirer likely provided the DIP financing
Oh? You think a closed end fund like Sixth Street Specialty Lending will take outside cash and invest it for some super secret acquisition? Literally something they don't do, by definition of the kind of fund they are, is simply accept extra cash to invest from outside investors. If they're gonna raise almost $400m, it should be issuing stock. You can check for yourself whether they actually issued enough shares to raise $400m or not.

The way i understand the Icahn connection is that supposedly the DIP loans may have been provided by lawyers who have worked with Icahn in the past.

If I remember right the supposed connections look something like

FILO
Sixth Street
Proskauer Rose legal counsel
who was supposedly also counsel for IEP's $400m ATM offering in November 2022

Tbh this seems kinda weak to me. I'm sure these lawyers have tons of clients. More interesting would be if IEP gave millions of dollars to Sixth Street, not that both Sixth Street and IEP hired the same lawyers at some point.