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TPG Specialty Lending issues notes in private offering

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TPG Specialty Lending issues notes in private offering

TPG Specialty Lending Inc. received net proceeds of about $96.0 million from its private offering of $100 million of its 4.50% convertible senior notes due Aug. 1, 2022.

The company issued the notes Feb. 1. The initial purchasers exercised their overallotment option in full to buy an additional $15 million of the notes. The additional notes are expected to be delivered and paid for Feb. 3.

TPG Specialty used the net proceeds to pay down debt under its revolving credit facility.