Exhibit 99.1

TPG Specialty Lending, Inc. Announces Quarter and Year Ended December 31, 2014 Financial Results; Board Declares Dividend of $0.39 Per Share for the First Fiscal Quarter of 2015

NEW YORK—(BUSINESS WIRE)—February 24, 2015—TPG Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported net investment income of $30.7 million, or $0.57 per share, for the quarter ended December 31, 2014. Net income was $13.8 million, or $0.26 per share, for the quarter ended December 31, 2014. Net asset value per share was $15.53 at December 31, 2014 as compared to $15.66 at September 30, 2014. The Company’s Board of Directors declared a fourth quarter dividend of $0.39 per share, payable to stockholders of record as of December 31, 2014 that was paid on January 30, 2015.

The Company also announced that its Board of Directors has declared a quarterly dividend of $0.39 per share for stockholders of record as of March 31, 2015, payable on or about April 30, 2015.

The Company’s Board of Directors has also approved an extension of the Company’s stock repurchase plan to June 30, 2015. The plan allows the Company to acquire up to $50 million in the aggregate of the Company’s common stock at prices below the Company’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. The stock repurchase plan requires an agent selected by the Company to repurchase shares of the Company’s common stock when the market price per share is below the most recently reported net asset value per share. Until the Company next reports its net asset value per share, the Company will make purchases in accordance with its stock repurchase plan whenever its stock price is $15.52 or below, subject to the volume limits and other conditions in the plan. Under the stock repurchase plan, the agent will increase the volume of purchases made as the price of the Company’s common stock declines, subject to volume restrictions. Unless extended or terminated by its Board of Directors, the Company expects that the stock repurchase plan will be in effect through the earlier of June 30, 2015 or such time as the approved $50 million repurchase amount has been fully utilized, subject to certain conditions.

FINANCIAL HIGHLIGHTS:

 

    

(Amounts in thousands, except

per share amounts)

 
           (Unaudited)        
    

Three Months Ended

 
  

December 31,

2014

   

September 30,

2014

    December 31,
2013
 

Investments at Fair Value

   $ 1,263,511      $ 1,233,181      $ 1,016,451   

Total Assets

   $ 1,303,731      $ 1,280,043      $ 1,039,150   

Net Asset Value Per Share

   $ 15.53      $ 15.66      $ 15.52   

Investment Income

   $ 45,778      $ 38,404      $ 27,569   

Net Investment Income

   $ 30,684      $ 23,116      $ 16,993   

Net Income

   $ 13,805      $ 18,603      $ 21,056   

Net Investment Income Per Share

   $ 0.57      $ 0.43      $ 0.46   

Net Realized and Unrealized Gains (Losses) Per Share

   ($ 0.31   ($ 0.08   $ 0.11   

Net Income Per Share

   $ 0.26      $ 0.35      $ 0.57   

Weighted Average Yield of Debt and Other Income Producing Securities at Fair Value

     10.3     10.5     10.4

Weighted Average Yield of Debt and Other Income Producing Securities at Amortized Cost

     10.3     10.6     10.6

Percentage of Debt Investment Commitments at Floating Rates

     97     98     99

 

1


The following information was filed by Tpg Specialty Lending, Inc. (TSLX) on Tuesday, February 24, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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