S&P gives TPG notes BBB-

S&P said it assigned its BBB- senior unsecured debt rating on TPG Specialty Lending Inc.’s proposed $300 million of senior unsecured notes due in 2024. S&P rates TPG BBB-.

Proceeds will be used to repay borrowings on the company’s revolver, and the agency said it doesn’t see the offering affecting TPG’s leverage at the outset.

The outlook is stable.

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