TPG Announces Pricing of Fixed-Rate Junior Subordinated Notes
TPG Inc. - Class A (TPG)
Company Research
Source: Business Wire
SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, priced a registered public offering of $400 million aggregate principal amount of 6.950% fixed-rate junior subordinated notes due 2064 (the “notes”). The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries. The offering is expected to close on March 4, 2024, subject to the satisfaction of customary closing conditions.The notes will bear interest at a fixed rate of 6.950% per year. Interest on the notes will be payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2024, subject to the Issuer’s right, on one or more occasions, to defer the payment of interest on the notes for up to five consecutive years.The Issuer intends
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News
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- KBRA Publishes and Affirms Ratings for TPG Operating Group II, L.P. [Yahoo! Finance]Yahoo! Finance
- KBRA Publishes and Affirms Ratings for TPG Operating Group II, L.P.Business Wire
- Partners Said to Mull Techem Options After TPG's €6 Billion Bid [BNN Bloomberg (Canada)]BNN Bloomberg
- Sayari Closes $235 Million Strategic Investment from TPG, Inclusive of Additional Capital for Organic Growth and M&ABusiness Wire
TPG
Earnings
- 2/13/24 - Beat
TPG
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- 4/24/24 - Form ARS
- TPG's page on the SEC website