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TPG Specialty Lending commences common stock offering

TPG Specialty Lending Inc. commenced a public offering of 3,750,000 of its common shares.

The company also plans to grant the underwriters an option to purchase up to an additional 562,500 common shares.

The company expects to use the net proceeds of the offering to pay 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. TPG Capital BD LLC is acting as co-manager.