NEW YORK--(BUSINESS WIRE)--Jan. 3, 2017--
TPG Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or “the Company”)
announced today that it has upsized and extended its senior secured
revolving credit facility (“the amended facility”). Total commitments to
the amended facility increased from $821.3 million to $945.0 million. In
addition, the amended facility’s final maturity was extended from
October 2, 2020 to December 22, 2021 for $885.0 million of commitments.
The stated interest rate on the amended facility remains at LIBOR plus
1.75% or LIBOR plus 2.00%, depending on minimum borrowing capacity and
taking into account outstanding debt. As of today, the stated interest
rate on the amended facility is LIBOR plus 2.00%. 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.
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
and unsecured 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 approximately $18 billion of assets under management as of
September 30, 2016, and the broader TPG platform, a global private
investment firm with approximately $74 billion of assets under
management as of September 30, 2016. For more information, please 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