425 1 tm2521714d1_425.htm 425

Filed by FS Specialty Lending Fund

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed under Rule 14a-6(b) of the Securities Exchange Act of 1934

Subject Company: New FS Specialty Lending Fund

File No. of Registration Statement: 333-286859

GRAPHIC

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

GRAPHIC

- !"#!$ $ %&' ()*+,*-./0-123,4.0-+/+56758.1085+.-9 .-/+7:,+.5-/*-10;64*.-+)064*--014./+.-9 675,0//< = ' > ===' ?'' ()3/)5:4135:7,4.0-+/85+0< - @ = = ' A > > BCB ' D ' A ' ()*+*70+)0/)*70)54107675;367565/*4/< 6EFGFHIJKL*GGEFMNIOIPNOQPNORRFRSN1NTJIEIRUFOFV+EWHRX15+YRF NJUPUOIRN*ERUTJN;..Z C > [!\ ]' = = > _@ > @ > >= ! ' _ C @ ! `' 6EFGFHIJaL*GGEFMNIOIPNOQPNORFVRSN15+RFTJIEUVbRSNHSIENSFJQNE MFRUOcHRIOQIEQUOTFOONTRUFOdURSIPNEcNEFEENFEcIOUeIRUFOFVRSNfWOQ RSIRSIHgNNOIGGEFMNQgbRSNhFIEQFV+EWHRNNHZ _ C > D ! `' > D ' = @ `'

GRAPHIC

- - ! "#$%&'!! ()*+)',))-).*#./$#. 01) ,#.23#*2 .4 -5 6 7 8 89 5 : 8; < 89 8 -8; ;= 9> -58 ; 8;8 ??@ ABCDEFGH1CDEIBJ1DKLM1ADK 888 <9 6 <9 5N @ 8 @ 8 O?;= : ; >- 98 < P QROSTU 5:88 9 -59= 9 ;9 ? VWX5Y :@@RR 8 :? 8 PVWX5: 5 : 8 9 8; 9 ? A'MFCLE'1JKF'FDZDEFHL1['1IGBLL\CE]KF'FDZDEFK ? 9 8 _ ? >`5 ?5: ? >OV ?V< 5 OSaT: ;96 ?@ 7 5 OSSb: 8 :; :P9c :_ 8:_;:_<:_ 9_ < 9 8 - 8 ;= R 9 = 8 9 9: : 8 ; 9 9 : : RdWOS: 8 :< : ;9 < : 8 9 < : < :

GRAPHIC

- - - - -! " #"$ " ! %&# " # - " '- !# - $-- ! -" % # $ - $ -- % ( - "-- # )**+,+-.)/+.0-12),+-.).*34515,-0+.*+, 6 " " $&" 78$989:$-- - - ; " # <" "- ! - =>? #! " #< ; " #<" "- ! !- -- %!#6% - " #<" "-# %- ! -##!% !!-# " - @ $ " "$-- -& # $ " " #<" "- - !% !! AAABCDEBFGH AAABICJKGLMBEGN +2O-1,).,+.0-12),+-. -$ - #! !" " " ! 6 # " " "$ -$!#- # $ " ## -989?- & # " " "$ $!#- # $ ! - " #<" "- ! % ! !! #" #$# -""" # - !#- ! AAABCDEBFGH" % ! -! AAABICJKGLMBEGN )PQPRSTUVSPUQP0WWXSYQZ[U\/SP]QP0_P]QPR`[RSTZaQa]SbSS`cbQTdZP]VZ\eSY`PTQ]SbS] TXSY_[ZUQRSf+PRSTU`bTZbSZ]RQTS]U`Y`PTQ]SbUaSQPRSTUVSPU`egSYUQRSThbQTdThYaZbSTZP]SiXSPTST`c 0WWXSYQZ[U\/SP]QP0_P]YZbSc_[[\f+PRSTU`bTTa`_[]bSZ]ZP]YZbSc_[[\Y`PTQ]SbZ[[QPc`bVZUQ`Pc`_P] QP0WWXSYQZ[U\/SP]QP0_P]jTbSX`bUTcQ[S]kQUaUaSlfWfWSY_bQUQSTZP]5iYaZPSm`VVQTTQ`Pf0WW/ Y[`TS]U`PSkQPRSTU`bTQP.`RSVeSbnopqf -PWSXUSVeSbnrhnonsh0W5PSb\tO`kSb0_P]kZTbSPZVS]0WWXSYQZ[U\/SP]QP0_P]ZTZXZbU`cZ X[ZPU`UbZPTQUQ`PUaS0_P]uTQPRSTUVSPUTUbZUS\cb`VQPRSTUQPXbQVZbQ[\QPXbQRZUSlfWfSPSb\ZP] X`kSbY`VXZPQSTU`Z]QRSbTQcQS]YbS]QUTUbZUS\QPRSTUQPQPXbQRZUSZP]X_e[QYYbS]QUQPZeb`Z]SbTSU`c QP]_TUbQSThTSYU`bTZP]T_eTSYU`bTf # # - # " % 6 " - @ " % " $#- !# #-$ % $ $ $ !- $"# $" $ # - -" # " ! 6 #-% % $" # #!# "# !#"vwwx9vv:w: # #- # # !# #!-!; $ % %&# " " # " "# $ " # " &- "# "" % -$ - % - " ! # # - % -

GRAPHIC

- - !!"# " $!$%%%&' &( ) *+,- -$ -