TPG Specialty to repay revolver debt with stock offering proceeds

By Wendy Van Sickle

Columbus, Ohio, March 2 – TPG Specialty Lending, Inc. plans to pay down outstanding debt under its revolving credit facility with proceeds of a public offering of 5 million shares of its common stock, according to a press release.

After the paydown, the company plans to re-borrow under the revolver to make new strategic investments.

TPG Specialty Lending is a New York-based specialty finance company focused on lending to middle-market companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.