trending Market Intelligence /marketintelligence/en/news-insights/trending/-1fD_gpbvM1Ah6Y6kPRyjA2 content esgSubNav
In This List

TPG Specialty Lending issues notes in private offering

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


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.