NEW YORK--(EON: Enhanced Online News)--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.