Press Release

DBRS Confirms AA (sf) Rating on the Advances of TPG SL SPV, LLC Revolving Credit Facility

Structured Credit
March 28, 2013

DBRS, Inc. (“DBRS”) has today confirmed the rating of AA (sf) on the Revolving Credit Facility (the “Facility”) contemplating advances to be made by the lenders thereunder up to a total commitment amount of $100,000,000 pursuant to the Revolving Credit and Security Agreement dated as of May 8th, 2012. The Facility is collateralized primarily by a portfolio of U.S. middle market corporate loans and other corporate obligations. The Facility is managed by TPG Specialty Lending, Inc. The DBRS rating addresses TPG SL SPV, LLC’s ability to make timely payments of interest and ultimate payments of principal on or before the Final Maturity Date of the Facility.

The principal methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

Note:
All figures are in U.S. dollars unless otherwise noted.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.