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TPG SPECIALTY LENDING, INC. FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

August 12, 2014



Item 8.01 - Other Events

On August 12, 2014, TPG Specialty Lending, Inc. (the "Company") issued a press release, announcing the completion of an underwritten secondary public offering of 5,000,000 shares of its common stock by certain of its pre-IPO existing stockholders (the "Selling Stockholders") at a public offering price of $18.63 per share.

Selling stockholders in the offering represented a subset of the Company's pre-IPO stockholders, who have owned shares of the Company since its initial private capital raise. No shares of the Company's common stock were sold by the Company or its affiliates, and it did not receive any proceeds from this offering.

In connection with the Company's initial public offering in March 2014, all pre-IPO stockholders, who collectively held 44.9 million shares, agreed to be subject to lock-up agreements. Under the original lock-up terms, 21.0 million shares would have become tradeable in September 2014. In connection with this offering, all Selling Stockholders and a majority of non-selling pre-IPO stockholders, including the Company's 19 largest pre-IPO stockholders, officers and directors of the Company, and TSL Advisers, LLC (the "Adviser"), have modified and extended the lock-up periods of certain of their pre-IPO shares. As a result of the new lock-up agreements, 4.2 million pre-IPO shares will become tradeable in September 2014; the remaining 35.7 million shares held by pre-IPO stockholders will remain under lock-up. The Adviser, the entity through which management and its affiliates own shares representing 5.2% of the Company's outstanding stock, has agreed to extend its lock-up period through April 30, 2015. In addition, the Company has agreed to a 90 day lock-up period.

A copy of the press release is filed herewith as Exhibit 99.1 and by this reference incorporated herein.

The information disclosed under this Item 8.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits: Exhibit Number Description 99.1 Press Release, dated August 12, 2014



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Source: Edgar Glimpses


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