TPG Specialty Lending ups revolver to $1.17 billion, extends to 2024

By Marisa Wong

Morgantown, W.Va., Feb. 15 – TPG Specialty Lending, Inc. entered into an eighth amendment to its second amended and restated senior secured revolving credit facility dated Feb. 27, 2014 to increase aggregate commitments under the revolver to $1.17 billion from $940 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on Thursday, also extends the termination of the revolving period to Feb. 14, 2023 from Feb. 18, 2022 and the maturity date to Feb. 14, 2024 from Feb. 17, 2023.

In addition, the company increased the accordion feature to be able to increase the size of the revolver to a maximum of $1.5 billion, up from a maximum of $1.25 billion.

The specialty lender is based in Fort Worth.

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