NEW YORK--(BUSINESS WIRE)--Mar. 21, 2018--
TPG Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or the “Company”)
announced today that it has priced a public offering of 3,750,000 shares
of its common stock at a public offering price of $17.45 per share. In
connection with the offering, the Company has granted the underwriters
for the offering an option to purchase up to an additional 562,500
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 23, 2018.
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.
J.P. Morgan, Wells Fargo Securities, BofA Merrill Lynch, Morgan Stanley,
Raymond James, RBC Capital Markets, Keefe, Bruyette & Woods, Citigroup
and Goldman Sachs & Co. LLC are acting as joint book-running managers
for this offering. Mizuho Securities, JMP Securities, Janney Montgomery
Scott, HSBC, Ladenburg Thalmann, TPG Capital BD, LLC and Comerica
Securities 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 20, 2018 and the
accompanying prospectus dated May 30, 2017, 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
investing.
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: J.P.
Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by calling toll-free at (866) 803 9204; Wells
Fargo Securities, Attention: Equity Syndicate Department, 375 Park
Avenue, New York, New York 10152, by telephone at (800) 326-5897, or by
email at cmclientsupport@wellsfargo.com;
BofA Merrill Lynch, Attention: Prospectus Department, 200 North College
Street, 3rd Floor, Charlotte, NC 28255-0001, or via email: dg.prospectus_requests@baml.com
(mailto:dg.prospectus_requests@baml.com);
Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, New York 10014; Raymond James, 880 Carillon Parkway,
St. Petersburg, FL 33716, telephone: (800) 248-8863, email: prospectus@raymondjames.com;
RBC Capital Markets, Attention: Equity Syndicate, 200 Vesey Street, 8th
Floor, New York, NY 10281-8098 or by telephone at 877-822-4089 or by
email at equityprospectus@rbccm.com;
Keefe, Bruyette & Woods, A Stifel Company, 787 Seventh Avenue, 4th
Floor, New York, NY 10019;Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (800) 831-9146.;
or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West
Street, New York, NY 10282 or by telephone at (866) 471-2526, or by
facsimile at 212-902-9316 or by email at prospectusgroupny@ny.email.gs.com.
About TPG Specialty Lending, Inc.
TPG Specialty Lending, Inc. 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 Sixth Street Partners, the
dedicated special situations and credit platform of TPG, with
approximately $20 billion of assets under management as of September 30,
2017, and the broader TPG platform, a global private investment firm
with over $79 billion of assets under management as of September 30,
2017.
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 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
forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180321005332/en/
Source: TPG Specialty Lending, Inc.
TPG Specialty Lending, Inc.
Investors:
Ian Simmonds,
212–601-4739
IRTSL@tpg.com
or
Media:
Luke
Barrett, 212-601-4752
lbarrett@tpg.com
or
Press:
Owen
Blicksilver PR, Inc.
Jennifer Hurson, 845-507-0571
jennifer@blicksilverpr.com
