TPG Specialty Lending Inc (TSLX)

TPG Specialty Lending Inc (TSLX) — Recent Articles & Press Releases:

TPG Specialty Lending Inc (TSLX) — Key Stats & Information:

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RankBDCYield   
• • •   
#32  GAIN 8.53%  
#33  TCPC 8.49%  
#34  SAR 8.49%  
#35  SUNS 8.44%  
#36  TSLX 8.25%  
#37  PFLT 8.12%  
#38  GSBD 7.76%  
#39  SLRC 7.50%  
#40  GBDC 6.78%  
• • •   
Current Stock Price:
(Data delayed 20 minutes)
$18.9099
Most Recent NAV/Share:
(As of 9/30/2016)
$15.78
Current Price/NAV: 1.20x
Annualized Regular Dividend: $1.56
Annualized Current Yield: 8.25%
TTM = Trailing Twelve Months
  12/31/2015 3/31/2016 6/30/2016 9/30/2016
NAV/Share: $15.15 $15.11 $15.55 $15.78
Debt/Equity: .81 .74 .74 .75
NOI/Share: $0.44 $0.42 $0.43 $0.51
EPS/Share: $-0.08 $0.32 $0.84 $0.62
Sum of TTM NOI/Share
(Or NII/share where applicable)
$1.80
TTM NOI Yield:
(As percentage of current $18.9099 price)
9.52%
Sum of TTM EPS/Share
$1.70
TTM EPS Yield:
(As percentage of current $18.9099 price)
8.99%
Sum of TTM Regular Dividends $1.56
TTM Dividend Yield:
(As percentage of current $18.9099 price)
8.25%
% Senior Debt % Sub Debt % Equity % Other
94.4% 4.1% 1.5% 0%
Stock Price @ Quarter End:
(Closest close to 9/30/2016)
$18.11
NAV/Share: $15.78
Price/NAV: 1.15x
Shares Outstanding: 59.67M
Market Cap: 1.08B
Investments at Cost: 1.67B
Investments at Fair Value: 1.64B
Difference: -22.36M
Net Asset Value: 941.59M
Leverage 701.98M
Debt:Equity Ratio .75:1
Originations:
(During quarter)
194.20M
Repayments:
(During quarter)
-199.20M
Difference: -5.00M
Realized Gains/Losses:
(During quarter)
1.37M
Unrealized Gains/Losses:
(During quarter)
4.93M
Non-Accruals at Cost: %
Non-Accruals at Fair Value: 0.5%
Net Operating Income / Share
(Or Net Investment Income where applicable)
$0.51
EPS/Share $0.62
Regular Dividends/Share $0.39
Regular Dividend Yield (Annualized)
(Against quarter-end $18.11 stock price)
8.61%
Although best efforts are made to minimize errors, there is no guarantee this data is free of error and therefore it should not be relied upon for investment decisions. See full disclaimer.
Base Management Fee: 1.5%
Fees Paid on Cash?: No
NOI Incentive Fee: 17.5%
Annual Hurdle Rate: 6%
Capital Gains Fee: 17.5%
Incentive Catch-Up Provision: Yes
Total Return Hurdle: No
Fees on Non-Cash Income: Yes
Notes / Additional Features:
Contract was previously negotiated with their private investors and investors wanted a lower incentive fee (17.5%) versus a total return hurdle.
For more information see TSLX SEC filings.
RankBDCPrice/NAV   
#1  MAIN 1.68x  
#2  HTGC 1.45x  
#3  GSBD 1.25x  
#4  TCAP 1.25x  
#5  TSLX 1.20x  
#6  GBDC 1.18x  
#7  TCPC 1.14x  
#8  NEWT 1.13x  
#9  GLAD 1.10x  
• • •   
Mouse over chart for data details
3/31
2014
6/30
2014
9/30
2014
12/31
2014
3/31
2015
6/30
2015
9/30
2015
12/31
2015
3/31
2016
6/30
2016
9/30
2016
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1.07x
1.39x
1.02x
1.08x
1.10x
1.07x
1.05x
1.07x
1.07x
1.07x
1.15x
3/31
2014
6/30
2014
9/30
2014
12/31
2014
3/31
2015
6/30
2015
9/30
2015
12/31
2015
3/31
2016
6/30
2016
9/30
2016
 Avg: 1.10x
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0.38
0.38
0.38
0.39
0.39
0.39
0.39
0.39
0.39
0.39
0.39
3/31
2014
6/30
2014
9/30
2014
12/31
2014
3/31
2015
6/30
2015
9/30
2015
12/31
2015
3/31
2016
6/30
2016
9/30
2016
(regular quarterly amount annualized)
Mouse over chart for data details
9.16%
6.96%
9.49%
9.27%
9.06%
9.18%
9.49%
9.62%
9.67%
9.39%
8.61%
3/31
2014
6/30
2014
9/30
2014
12/31
2014
3/31
2015
6/30
2015
9/30
2015
12/31
2015
3/31
2016
6/30
2016
9/30
2016
 Avg: 9.08%
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0.0:1
0.0:1
0.0:1
0.0:1
.58:1
.63:1
.65:1
.81:1
.74:1
.74:1
.75:1
3/31
2014
6/30
2014
9/30
2014
12/31
2014
3/31
2015
6/30
2015
9/30
2015
12/31
2015
3/31
2016
6/30
2016
9/30
2016
 Avg: .45:1
(or NII/share when applicable)
Mouse over chart for data details
0.51
0.55
0.43
0.57
0.39
0.46
0.48
0.44
0.42
0.43
0.51
3/31
2014
6/30
2014
9/30
2014
12/31
2014
3/31
2015
6/30
2015
9/30
2015
12/31
2015
3/31
2016
6/30
2016
9/30
2016
RankBDC1Yr NAV/Sh Change  
• • •   
#3  FDUS +3.04
#4  MFIN +2.11
#5  MRCC +1.48
#6  OFS +1.45
#7  TSLX +1.02
#8  GBDC +1.01
#9  SLRC +0.93
#10  PFLT +0.79
#11  CSWC +0.34
• • •   
 

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