TPG Specialty Lending announced that Alan Kirshenbaum has notified the company he will step down as CFO and will be replaced, on an interim basis, by Robert Ollwerther, the company’s chief operating officer.
TPG Specialty Lending announced that Fitch Ratings has assigned the company investment grade ratings of BBB-; the Rating Outlook is Stable.
Mississippi Resources announced it closed a senior debt and preferred equity investment with TPG Specialty Lending for a maximum amount of $55.5 million.
TPG Special Lending reported Q1/14 net income of $25.3 million was up 64% from $15.5 million a year earlier. Originations of $369.6 million were up from $92.5 million in the same quarter in 2013.
TPG Specialty Lending announced it closed its initial public offering of seven million shares that began trading on the NYSE on March 21, 2014 under the symbol TSLX.
Reuters reported that shares of TPG Specialty Lending rose about 3% in their debut, valuing the company at about $852 million.
Metalico announced it closed a refinancing providing up to $125 million. Facilities were provided under a senior secured financing agreement, with TPG Specialty Lending acting as administrative agent and lead arranger.