TPG Specialty Lending, Inc. Buyback
OLI recorded this information on 8/4/2015
TPG Specialty Lending, Inc.
TPG Specialty Lending, Inc. (NYSE:TSLX) ("TSLX") announced today that its Board of Directors has approved a stock repurchase plan (the "Company 10b5-1 Plan") to acquire up to $50 million in the aggregate of TSLX's common stock at prices just below TSLX's net asset value per share, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.
Sixth Street Specialty Lending is a finance company focused on lending to middle-market companies. Sixth Street Specialty Lending Advisers, LLC, which acts as Co.'s investment adviser and administrator, is responsible for managing Co.'s day-to-day business affairs, including implementing investment policies and initiatives, and managing Co.'s portfolio. Co. invests in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. Co.'s first-lien debt include stand-alone first-lien loans, last out first-lien loans; unitranche loans and secured corporate bonds. Co.'s second-lien debt include secured loans and secured corporate bonds.
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Strong Buy (3.62 out of 4)