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

NEW YORK--(BUSINESS WIRE)-- 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151006007000/en/

TPG Specialty Lending, Inc.
Investor Relations:
212–601-4753 or 212-430-4119
[email protected]
or
Media:
Luke Barrett, 212-601-4752
[email protected]
or
Owen Blicksilver PR, Inc.
Jennifer Hurson, 845-507-0571
[email protected]

Source: TPG Specialty Lending, Inc.

You May Also Be Interested In

• Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
• CSS Entertainment (CSSE) Receives Nasdaq Delinquency Letter
• IBM (IBM) to Acquire HashiCorp (HCP) for $35/sh Cash or $6.4B