TPG Specialty Lending will change its name to Sixth Street Specialty Lending, effective June 15. The new name reflects the previously announced completion of an agreement between Sixth Street Partners and TPG to become independent, unaffiliated businesses.
TPG Specialty Lending has increased its revolving credit facility from $1.245 billion to $1.315 billion and extended the final maturity date by approximately one year, to January 31, 2025.
Ferrellgas Partners signed an agreement for a new facility with a group led by TPG Specialty Lending. The facility includes a $300 million cash flow revolver and a $275 term loan supported by commitments from TPG and PNC Bank.
iheartmedia completed a new credit agreement with TPG Specialty Lending consisting of a $300 million term loan and a $65 million revolving credit facility.
To support acquisition by Fred’s of 865 Rite Aid stores, Bank of America, Merrill Lynch and Regions Capital have provided $1.05 billion of committed ABL financing.
Ares Capital served as administrative agent for a $1.075 billion unitranche credit facility to support the acquisition of Qlik by private equity firm Thomas Bravo.
Ares Capital served as administrative and collateral agent, joint lead arranger and joint bookrunner for the $1.075 billion unitranche credit facility in support of Thoma Bravo’s acquisition of Qlik.
According to a report by FRB Capital Markets, Monroe Capital leads the highest-scoring BDCs in shareholder returns and investment competitiveness.
TPG Specialty Lending has amended and extended its revolving credit facility with a bank group led by SunTrust, as administrative agent.