TPG Specialty Lending, Inc. (“TSL”) announced that it priced its initial public offering of 7,000,000 shares of its common stock at a public offering price of $16.00 per share. Shares of common stock of TSL are expected to begin trading on the New York Stock Exchange on March 21, 2014, under the symbol TSLX.

TSL also granted the underwriters an overallotment option to purchase up to an additional 1,050,000 shares of common stock. The closing of the offering is subject to customary closing conditions and the shares are expected to be delivered on or about March 26, 2014.

Concurrently with the initial public offering, TSL will sell $50 million of its common stock to certain existing investors, including TSL Advisers, LLC, the company’s investment adviser and administrator, through a separate private placement at the initial public offering price per share.

TSL expects to use the net proceeds of this offering, as well as the proceeds of the concurrent private placement, together with cash and cash equivalents, to pay down debt under a revolving credit facility.

J.P. Morgan; BofA Merrill Lynch; Goldman, Sachs & Co.; Citigroup; Wells Fargo Securities and Barclays are acting as joint book-running managers for this offering. TPG Capital BD, LLC; Janney Montgomery Scott and JMP Securities are acting as co-managers.