TPG Specialty Lending amends revolver to cut interest, extend maturity

By Jennifer Chiou

New York, Oct. 23 – TPG Specialty Lending, Inc. entered into an amendment to its revolving credit facility, lifting the aggregate commitments by $10 million to $776.3 million, decreasing interest and extending the maturity date to Oct. 17, 2019 from Feb. 26, 2019, according to an 8-K filing with the Securities and Exchange Commission.

Previously, the company cut aggregate commitments to $766.3 million from $781.3 million.

Borrowings bear interest at adjusted Libor plus 200 bps, reduced from adjusted Libor plus 225 bps.

The company also increased the sublimit for letters of credit to $100 million from $20 million.

TPG Specialty Lending is the direct credit investment arm of investment firm TPG. The borrower is based in Fort Worth, Texas.

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