Cox Capital Partners Extends Mini-Tender Offer for Shares of FS Specialty Lending Fund to October 31, 2025

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PHILADELPHIA--(BUSINESS WIRE)--Sep 26, 2025--

Cox Capital Partners (the “Company”), together with its purchaser group (the “Purchasers”), today announced an extension of its mini-tender offer to purchase outstanding shares (“Shares”) of FS Specialty Lending Fund (“FSSL”), a non-traded business development company (“BDC”). The offer, which commenced on September 10, 2025, will now expire at 5:00 p.m. Eastern Time on October 31, 2025, unless extended, amended or earlier terminated. The Purchasers are not affiliated with FSSL or its adviser.

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Reason for the extension

On September 22, 2025, FSSL adjourned its special shareholder meeting to October 14, 2025. The Company is extending the offer to provide stockholders additional time to make an informed decision regarding participation in the offer. The Purchasers are not party to FSSL’s proposals and express no view on them.

Offer terms (unchanged)

The Purchasers are offering to buy up to $41,400,000 of Shares (approximately 3,600,000 Shares) at a purchase price of $11.50 per Share, in cash, without interest and less any applicable withholding taxes, subject to the terms and conditions of the Offer to Purchase.

If more Shares are properly tendered than the maximum sought, the Purchasers will accept Shares on a pro-rata basis.

During the most recent FSSL repurchase offer completed on January 6, 2020, stockholders tendered approximately $263 million of Shares at NAV, and approximately 9.1% of tendered Shares were accepted on a pro-rata basis.

About FS Specialty Lending Fund

FSSL was previously known as FS Energy & Power Fund (“FSEP”).

Additional Tender Offer Information

The Tender Offer documents will be sent by mail to holders of the Shares by the Fund sponsor. Stockholders may obtain additional copies of the tender offer documents by contacting the Fund or the Company. Stockholders should read these documents, as the documents contain important information about the Company's Tender Offer.

For more information please visit Cox Capital Partners at www.coxcp.com/fssltender for FSSL.

About Cox Capital Partners

Cox Capital Partners is an investment management firm specializing in secondary liquidity solutions and alternative investment strategies. The Company provides direct liquidity to shareholders, fund sponsors, limited partners, and general partners of non-traded and private BDCs, non-traded and private REITs, interval funds, and other private and feeder funds. The Company is based in Philadelphia, PA.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. The Company, nor its purchaser group, makes any recommendation as to whether to tender or not to tender any Shares in the Tender Offer. The Company recommends that stockholders consult with their financial professionals as part of consideration of the Offer. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from the Company. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

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CONTACT: Contact Information for Tender Offer:

FSSL:www.coxcp.com/fssltender|[email protected]

Phone: 484-840-5281

Media: John Cox, 302-468-6499

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE

SOURCE: Cox Capital Partners

Copyright Business Wire 2025.

PUB: 09/26/2025 03:38 PM/DISC: 09/26/2025 03:37 PM

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