NEW YORK--(BUSINESS WIRE)--Mar. 3, 2016--
TPG Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or the “Company”)
announced today that it has priced a public offering of 5,000,000 shares
of its common stock at a public offering price of $16.42 per share. In
connection with the offering, the Company has granted the underwriters
for the offering an option to purchase up to an additional 750,000
shares of its common stock. The offering is subject to customary closing
conditions, and the shares are expected to be delivered on or about
March 8, 2016.
TSLX expects to use the net proceeds of the offering to pay down
outstanding debt under its revolving credit facility. However, through
re-borrowing under the revolving credit facility, the Company intends to
make new investments in accordance with its investment objectives and
strategies outlined in the preliminary prospectus supplement and the
accompanying prospectus described below in greater detail.
BofA Merrill Lynch, Wells Fargo Securities, Goldman, Sachs & Co.,
Barclays and Citigroup are acting as joint book-running managers for
this offering. TPG Capital BD, LLC, Ladenburg Thalmann, Comerica
Securities, Houlihan Lokey and Santander are acting as co-managers.
Investors are advised to carefully consider the investment
objectives, risks, charges and expenses of the Company before investing.
The preliminary prospectus supplement dated March 2, 2016 and the
accompanying prospectus dated July 9, 2015, which have been filed with
the Securities and Exchange Commission (“SEC”), contain this and other
information about the Company and should be read carefully before
The information in the preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and may
be changed. The preliminary prospectus supplement, the accompanying
prospectus and this press release are not offers to sell any securities
of TSLX and are not soliciting an offer to buy such securities in any
state or jurisdiction where such offer and sale is not permitted.
A shelf registration statement relating to these securities is on
file with and has been declared effective by the SEC. The offering may
be made only by means of a preliminary prospectus supplement and an
accompanying prospectus, copies of which may be obtained from: BofA
Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus
Department, or by e-mailing email@example.com;
Wells Fargo Securities, 375 Park Avenue, New York, NY 10152, Attn:
Equity Syndicate Department, by calling (800) 326-5897 or by e-mailing firstname.lastname@example.org;
or Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn:
Prospectus Department, by calling (866) 471-2526, facsimile: (212)
902-9316 or by e-mailing email@example.com.
About TPG Specialty Lending, Inc.
TPG Specialty Lending, Inc. (“TSLX” or the “Company”) 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 and unsecured
loans and investments in corporate bonds and equity securities. The
Company has elected to be regulated as a business development company,
or BDC, under the Investment Company Act of 1940 and the rules and
regulations promulgated thereunder. TSLX is externally managed by TSL
Advisers, LLC, an 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 $16 billion of assets under management as of
December 31, 2015, and the broader TPG platform, a global private
investment firm with over $70 billion of assets under management as of
September 30, 2015.
Statements included herein may constitute “forward-looking statements,”
which relate to future events or the Company’s future performance or
financial condition. 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, 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 SEC. The Company assumes no obligation to update any such
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Source: TPG Specialty Lending, Inc.
TPG Specialty Lending, Inc.
Blicksilver PR, Inc.
Jennifer Hurson, 845-507-0571