TPG Specialty Lending, Inc. Favorably Amends and Extends its Revolving Credit Facility
24 October 2014 - 10:00PM
Business Wire
TPG Specialty Lending, Inc. (NYSE:TSLX) (“TSL”) announced today
that it has favorably amended and extended its senior secured
revolving credit facility (“the amended facility”) with its bank
group. The amended facility has a borrowing rate of LIBOR plus 200
basis points, a 25 basis point reduction, with no LIBOR floor, and
a final maturity of October 2019, extended from February 2019.
Under the terms of the amended facility, the letter of credit
sublimit has been increased from $20 million to $100 million. The
amended facility continues to include the accordion feature, which
would allow the Company, under certain circumstances, to increase
the size of the amended facility to a maximum of $956.3
million.
ABOUT TPG SPECIALTY LENDING, INC.
TSL is a specialty finance company focused on lending to
middle-market companies. TSL 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. TSL 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. TSL is externally managed by TSL Advisers, LLC, an
SEC-registered investment adviser. TSL leverages the deep
investment, sector, and operating resources of TPG Special
Situations Partners, the dedicated special situations and credit
platform of TPG, with over $10 billion of assets under management
as of June 30, 2014, and the broader TPG platform, a leading global
private investment firm with $66 billion of assets under
management. For more information, visit
www.tpgspecialtylending.com.
FORWARD-LOOKING STATEMENTS
Statements included herein may constitute “forward-looking
statements” that involve substantial risks and uncertainties. These
forward-looking statements are not historical facts, but rather are
based on current expectations, estimates and projections about us,
our current and prospective portfolio investments, our industry,
our beliefs, and our assumptions. Words such as “anticipates,”
“expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,”
“would,” “should,” “targets,” “projects,” 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 TSL’s control and difficult
to predict, that could cause actual results to differ materially
from those expressed or forecasted in the forward-looking
statements.
AVAILABLE INFORMATION
TSL’s filings with the Securities and Exchange Commission, press
releases, earnings releases and other financial information are
available on its website at www.tpgspecialtylending.com.
TPG Specialty Lending, Inc.Investor
Relations:415-486-5939IRTSL@tpg.comorPress:Owen Blicksilver PR,
Inc.Jennifer Hurson, 845-507-0571jennifer@blicksilverpr.com
Sixth Street Specialty L... (NYSE:TSLX)
Historical Stock Chart
From Apr 2024 to May 2024
Sixth Street Specialty L... (NYSE:TSLX)
Historical Stock Chart
From May 2023 to May 2024