Exhibit 99.1

TPG Specialty Lending, Inc. Announces Quarter Ended September 30, 2017 Financial Results; Board Declares Quarterly Base Dividend of $0.39 Per Share for the Fourth Fiscal Quarter of 2017 and a Quarterly Variable Supplemental Dividend of $0.06 Per Share

NEW YORK—(BUSINESS WIRE)—November 7, 2017— TPG Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported net investment income of $30.9 million, or $0.51 per share, for the quarter ended September 30, 2017. Net asset value per share was $16.09 at September 30, 2017 as compared to $16.15 at June 30, 2017. The Company’s Board of Directors previously declared a second quarter variable supplemental dividend of $0.09 per share and a third quarter base dividend of $0.39 per share, payable to stockholders of record as of August 31, 2017 and September 15, 2017, respectively, that was paid on September 29, 2017 and October 13, 2017, respectively.

The Company announced that its Board of Directors has declared a fourth quarter base dividend of $0.39 per share for stockholders of record as of December 15, 2017, payable on January 12, 2018. The Company’s Board of Directors also declared a third quarter variable supplemental dividend of $0.06 per share for stockholders of record as of November 30, 2017, payable on December 29, 2017.

FINANCIAL HIGHLIGHTS:

(amounts in millions, except per share amounts)

  

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

 

 

June 30, 2017

 

 

 

 

September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments at Fair Value

 

$

 

1,550.3

 

 

 

$

 

1,554.5

 

 

 

$

 

1,643.6

 

 

Total Assets

 

$

 

1,581.1

 

 

 

$

 

1,589.1

 

 

 

$

 

1,665.2

 

 

Net Asset Value Per Share

 

$

16.09

 

 

 

$

16.15

 

 

 

$

15.78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment Income

 

$

52.3

 

 

 

$

58.8

 

 

 

$

 

53.9

 

 

Net Investment Income

 

$

30.9

 

 

 

$

33.9

 

 

 

$

30.6

 

 

Net Income

 

$

24.8

 

 

 

$

31.8

 

 

 

$

36.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income Per Share

 

$

0.51

 

 

 

$

0.57

 

 

 

$

0.51

 

 

Net Realized and Unrealized Gains (and Losses) Per Share

 

($

 

0.10

 

)

 

($

0.04

 

)

 

$

0.11

 

 

Net Income Per Share

 

$

0.41

 

 

 

$

0.53

 

 

 

$

0.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

10.7

 

%

 

 

10.7

 

%

 

 

10.3

 

%

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

 

 

10.8

 

%

 

 

10.8

 

%

 

 

10.3

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of Debt Investment Commitments at Floating Rates (1)

 

 

 

100.0

 

%

 

 

 

100.0

 

%

 

 

 

97.9

 

%

 

(1)

Includes one or more fixed rate investments for which the Company entered into an interest rate swap agreement to swap to a floating rate.


The following information was filed by Tpg Specialty Lending, Inc. (TSLX) on Tuesday, November 7, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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