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TSLX offers more 3.875% Notes due 2024 TPG Specialty Lending, Inc. (TSLX) announced today that it has priced an underwritten public offering of an
additional $50 million in aggregate principal amount of its 3.875%
notes due 2024 at a price to the public of 102.075% of their principal
amount and spread to 5-year Treasury of 195 basis points. The notes will
be a further issuance of, be fungible with, rank equally in right of
payment with and have the same terms (other than the issue date and the
public offering price) as the $300 million aggregate principal amount of
the Company’s 3.875% notes due 2024 issued in November 2019. Context - other BDC note & baby bond offerings On 1/16/20 ORCC priced $500 million of 3.750% notes due 2025. On 1/08/20 ARCC priced $750 million of unsecured 3.25% notes due 2025. On 12/30/19 CGBD priced $115.0 million in 4.75% notes due 2024 On 12/18/19 SLRC priced $125 million of five year 4.20% unsecured notes. On 11/21/19 FSK priced $425 million of 4.125% notes due 2025. On 10/09/19 TSLX priced $300 million of 3.875% notes due 2024. On 10/16/19 ICMB priced $150 million in 6.125% Notes due 2023 in a public offering (CMFNL). On 10/09/19 OFS priced $50 million of 5.95% notes due 2026 (OFSI). On 10/10/19 FDUS priced $55 million of 5.375% notes due 2024 (FDUSG). On 10/08/19 GLAD priced $33.750 million of 5.375% Notes due 2024 (GLADL). On 8/16/19 TCPC priced $150 million 3.90% Notes Due 2024. On 9/29/19 PNNT priced $75 million 5.50% notes due 2025 (PNNTG). On 7/25/19 NEWT priced $55.0 million 5.75% Notes Due 2024 (NEWTZ). On 7/21/19 FSK priced $175 Million 4.75% Notes due 2022. On 7/08/19 FSK priced $400 Million 4.625% Notes due 2024. On 6/07/19 NMFC priced $86.25 million in additional 5.75% unsecured notes due 2023 On 6/05/19 ARCC priced $650.0
million in 4.20% notes due 2024. On 4/17/19 MAIN priced $250.0
million of 5.20% notes due 2024. On 3/5/19 ARCC priced $350 million of unsecured 4.625% convertible notes due 2024. On 2/27/19 PSEC priced $175 million (plus over allotment of $26.5 million) of senior unsecured 6.375% convertible notes due 2025. On 2/05/19 FDUS priced $60.0 million of 6.00%
notes due 2024 sold as FDUSZ. On 02/01/19 SAR did a $17.235 million secondary offering of 6.25% notes SAF due 2025. On 11/28/18 PSEC priced $50.0 million of 6.875% unsecured notes due 2029 sold as PBC. In Nov 2018 GLAD issued 57.5 million shares of 6.125% 2023 notes that will trade as GLADD. On 11/08/18 WHF priced $33 million of 6.50% notes due 2025 to be sold as WHFBZ. On 10/12/18 OFS Capital priced $43.5 million in 6.50% notes due 2025 to be sold as OFSSZ. On 10/02/18 TCRD sold $50 million of 6.75% notes due 2023 to be sold as TCRW. On 9/27/18 PSEC priced $100 million of 6.375% unsecured notes due 2024. On 9/21/18 NMFC priced $50 million in 5.75% unsecured notes due 2023 to be sold as NMFX. On 9/19/18 HTGC priced $40 million of 6.25% notes due 2033 to be sold as HCXY. On 9/06/18 MRCC priced $60 million in 5.75% notes due 2023 (which matches the yield of MRCCL). On 8/28/18 SAR priced $40 million of 6.25% fixed-rate notes due 2025 which trade as SAF. On 8/24/18 HCAP priced $28.8 million in 6.125% notes due 2022 (HCAPZ). On 8/21/18 SAR priced $40 million of 6.25% new seven-year fixed rate notes sold as “SAF” On 8/16/18 NMFC offered $100 million of its 5.75% unsecured convertible notes due 2023 (which matches the yield of NMFX). On 8/15/18 GAIN offered 2,600,000 shares of its newly designated 6.375% Series E Cumulative Term Preferred Stock due 2025 sold as GAINL. On 7/05/18 NMFC issued a private placement of $50 million of 5.36% Series 2018B Notes due June 28, 2023 . On 7/17/18 WHF announced a private offering of $30 million aggregate principal amount of its 6.00% Senior Notes due 2023. On 6/28/18 CMFN priced $30 million of its 6.125% notes due 2023 - traded as CMFNL. On 6/27/18 GSBD reopened an offering of $32.5 million of its 4.50% convertible notes due 2022. On 5/31/18 PSEC priced $50 million in 6.25% unsecured notes due 2028 (which matches the yield of PBB). On 4/24/18 HTGC priced $75 million in 5.25% notes due 2028. On 4/11/18 OFS priced $43.75 million of 6.375% notes due 2025 to be traded as OFSL (at Yahoo it is listed as OFSSL). On 3/20/18 TICC became OXSQ and the 6.5% 2024 note (TICCL) became OXSQL. On 2/02/18 FDUS priced $43.5 million of 5.875% notes due 2023 - which trade as FDUSL. On 1/18/18 TSLX priced $150.0 million of 4.50% Notes due 2023. On 1/08/18 ARCC priced $600.0 million in 4.25% notes due 2025. In 2017 OCSL priced $75.0 million of 2024 5.875% Notes OSLE In 2017 OCSL priced $86.3 million of 2028 6.125% Notes OSLL On 11/22/17 PFLT priced an offering in Israel of $138.7 million of its 3.83% Series A Notes. On 11/16/17 MAIN priced $185 million of 4.50% notes due 2022. On 11/13/2017 SRLC priced $75 million of a 4.50% bond that matures on 01/20/2023. In Sept 2017 GLAD issued 2.1 million shares of 6.0% 2024 Pref shares that trade as GLADN. On 8/04/2017 TCPC sold $125.0 million of 4.125%
unsecured notes that mature on August 11, 2022. On November 3, 2017,
the Company issued an additional $50.0 million of the 2022 Notes. On 8/21/17 SCM priced $42.5 million of 5.75% notes due 2022 that trade as "SCA" which were used to redeem 2019 due notes @ 6.5% yield "SCQ". On 8/07/17 ARCC priced $750 million of 3.500% notes due 2023. On 7/17/17 BKCC priced $143.75 million in senior unsecured 5.00% Convertible Notes due 2022. On 7-11-17 TPVG offered $72.3 million of 5.75% notes (TPVY) maturing in 2020. TPVZ (yielding 6.75% also maturing 2020) was redeemed On 06/07/17 OXLC priced 2,500,000 shares of 6.75% Series 2024 Term Preferred Shares sold as OXLCM. On 5-23-17 CPTA priced of $50 million in unsecured 5.75% convertible notes due 2022 which trade as CPTAL. On 4/06/17 PSEC priced $225 million in senior unsecured 4.95% Convertible Notes Due 2022. On 1/26/17 TSLX had a private offering $100 million of 4.50% Convertible Senior Notes due 2022. On 1/24/17 ARCC announced a private offering $350 million of 3.75% Convertible Notes due 2022. On 12/21/16 SAR issued $74.5 million of 6.75% notes due 2023 that trade as SAB. |
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