TPG Specialty Lending, Inc. Favorably Amends and Extends Its Revolving Credit Facility

News Release

Printer Friendly Version View printer-friendly version
Back
TPG Specialty Lending, Inc. Favorably Amends and Extends Its Revolving Credit Facility

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.

Forward-Looking Statements

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.

Source: TPG Specialty Lending, Inc.

TPG Specialty Lending, Inc.
Investor Relations:
212–601-4753 or 212-430-4119
IRTSL@tpg.com
or
Media:
Luke Barrett, 212-601-4752
lbarrett@tpg.com
or
Owen Blicksilver PR, Inc.
Jennifer Hurson, 845-507-0571
jennifer@blicksilverpr.com

Disclaimer

Archived presentations on our website describing the financial performance of TPG Specialty Lending, Inc. are furnished for historical purposes only. The information provided in any such presentation is as of the date of that particular presentation. Our business, financial condition, results of operations and prospects may have changed since the date of any such presentation. The presentations archived on our website might include forward-looking statements and projections, and we ask that you refer to our most recent SEC filings for important factors that could cause actual results to differ materially from these projections. To obtain copies of our latest SEC filings, please click here. TPG Specialty Lending, Inc. has no obligation to update the forward-looking statements contained herein.

I understand and accept the disclaimer and want to view the presentations

I do not accept the disclaimer