Recently, TGP Lending, Inc. has decided to go with initial public offering of 7,000,000 shares of its common stock. Though, it has not been announced yet TGP intends to grant overallotment option to buy up to additional 1,050,000 shares of common stock. These public offering shares can be obtained by the filling the Registration Statement on Form N-2 with Security and Exchange Commission and TGP has applied under the symbol of TSLX to get it listed in the New York Stock exchange. Besides, the completion of obtaining the public offering procedure is subjected to certain conditions of the market.
It is said that TGP wishes to sell $50 million of its common stock to its current investors, including LLC, the company’s investment adviser and administrator, TSL Advisers etc. And, they will be offered shares through separate public offering per share price.
The reliable sources have learned that “For revolving credit facility, TGP is expected to go with net proceeds of these offerings along with cash and cash equivalents.” And presently, the joint book running managers, of these offerings are: Barclays, Goldman, Sachs & Co, Citigroup, J.P. Morgan, BofA Merrill Lynch, and Wells Fargo Securities.
The prospectus for this impressive public offering can be accessed without paying a single buck at the SEC’s EDGAR service on the SEC website, www.sec.gov. Besides , a copy of the prospectus may be obtained from: J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, (866) 803-9204; BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or e-mail dg.prospectus_requests@