New York City–(COMPANY WIRE)– TPG Specialized Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Business”).
announced today that it has positively changed and extended its senior.
secured revolving credit facility (“the modified center”) with its bank.
group. Total commitments to the modified facility enhanced from $781.3.
million to $821.3 million. The stated interest rate on the amended.
facility was altered from LIBOR plus 2.00 % to either LIBOR plus 1.75 % or.
LIBOR plus 2.00 %, based on minimum loaning capacity and taking into.
account impressive debt. The last maturity date has actually been extended from.
October 17, 2019 to October 2, 2020. The amended facility remains to.
include the accordion feature, which would allow the Company, under.
specific circumstances, to enhance the size of the amended center to a.
optimum of $1.25 billion, up from the previous maximum of $956.3 million.
About TPG Specialized Loaning.
TSLX is a specialty financing business concentrated on providing to middle-market.
companies. The Business looks for to create present income mostly in.
US-domiciled middle-market companies through direct originations of.
senior protected loans and, to a lower level, originations of mezzanine.
loans and financial investments in corporate bonds and equity securities. The.
Company has elected to be controlled as a business development company,.
or a BDC, under the Investment Company Act of 1940 and the guidelines and.
regulations promulgated thereunder. TSLX is externally handled by TSL.
Advisers, LLC, a Securities and Exchange Commission (“SEC”) registered.
financial investment advisor. TSLX leverages the deep financial investment, sector, and.
operating resources of TPG Unique Scenarios Partners, the devoted.
special situations and credit platform of TPG, with over $12 billion of.
possessions under management, and the more comprehensive TPG platform, an international personal.
investment firm with over $74 billion of possessions under management. For.
more details, visit the Company’s website at www.tpgspecialtylending.com.
Statements included herein may make up “forward-looking statements,”.
which connect to future events or the Business’s future performance or.
financial condition. These declarations are not warranties of future.
efficiency, conditions or outcomes and include a number of dangers and.
unpredictabilities. Real outcomes might vary materially from those in the.
positive declarations as a result of a number of aspects, consisting of.
those explained from time to time in the Business’s filings with the.
Securities and Exchange Commission. The Company assumes no responsibility to.
upgrade any such positive statements. TSLX carries out no duty to.
update any forward-looking declarations made herein.