TPG Specialty Lending Inc. announced the pricing of a public offering of 3,750,000 of its common shares at a price of $17.45 per share.
The company has granted the underwriters an option to purchase up to an additional 562,500 common shares.
The offering is subject to customary closing conditions; the shares are expected to be delivered on or about March 23.
The company expects to use the offering's proceeds to pay down outstanding debt under its revolving credit facility.
J.P. Morgan, Wells Fargo Securities, Bank of America Merrill Lynch, Morgan Stanley, Raymond James, RBC Capital Markets, Keefe Bruyette & Woods, Citigroup and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. Mizuho Securities, JMP Securities, Janney Montgomery Scott, HSBC, Ladenburg Thalmann, TPG Capital BD LLC and Comerica Securities are acting as co-managers.