NEW YORK--(BUSINESS WIRE)--Oct. 6, 2015--
TPG Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or “the Company”)
announced today that it has favorably amended and extended its senior
secured revolving credit facility (“the amended facility”) with its bank
group. Total commitments to the amended facility increased from $781.3
million to $821.3 million. The stated interest rate on the amended
facility was changed from LIBOR plus 2.00% to either LIBOR plus 1.75% or
LIBOR plus 2.00%, subject to minimum borrowing capacity and taking into
account outstanding debt. The final maturity date has been extended from
October 17, 2019 to October 2, 2020. 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 $1.25 billion, up from the previous maximum of $956.3 million.
About TPG Specialty Lending
TSLX is a specialty finance company focused on lending to middle-market
companies. The Company 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. The
Company 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. TSLX is externally managed by TSL
Advisers, LLC, a Securities and Exchange Commission (“SEC”) registered
investment adviser. TSLX leverages the deep investment, sector, and
operating resources of TPG Special Situations Partners, the dedicated
special situations and credit platform of TPG, with over $12 billion of
assets under management, and the broader TPG platform, a global private
investment firm with over $74 billion of assets under management. For
more information, visit the Company’s website at www.tpgspecialtylending.com.
Statements included herein may constitute “forward-looking statements,”
which relate to future events or the Company’s future performance or
financial condition. These statements are not guarantees of future
performance, conditions or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors, including
those described from time to time in the Company’s filings with the
Securities and Exchange Commission. The Company assumes no obligation to
update any such forward-looking statements. TSLX undertakes no duty to
update any forward-looking statements made herein.
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Source: TPG Specialty Lending, Inc.
TPG Specialty Lending, Inc.
Blicksilver PR, Inc.
Jennifer Hurson, 845-507-0571