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As previously discussed, our investment and risk management process remains highly focused on mitigating risk, including foreign currency risk. When we fund investments in currencies other than U.S. dollars, we borrow on our revolver in local currency, as this provides a natural hedge of our principal value against foreign-currency fluctuations. As a result, we believe that our portfolio is well-hedged against foreign currency movements directly related to Brexit.
The full impact of the Brexit decision, however, remains uncertain. A process of negotiation will determine the future terms of the U.K.’s relationship with the E.U. Like other businesses, we may face new costs and challenges as a result of Brexit, including increased interest rate, exchange rate and other market and economic volatility, as well as an uncertain regulatory and political environment.
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
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
TPG Specialty Lending, Inc.
Lucy Lu, 212–601-4753
Luke Barrett, 212-601-4752
Owen Blicksilver PR, Inc.
Jennifer Hurson, 845-507-0571