TPG Debt offering

TPG Announces Public Offering of Senior Notes

Published August 11, 2025 at 12:43 PM

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, intends to offer senior notes due 2036 (the “notes”) in a registered public offering, subject to market and other conditions. The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries. The Issuer i

Related Questions

What is the size (principal amount) of the senior notes being offered? What is the coupon rate and interest payment schedule for the notes? How does the issuance affect TPG's existing capital structure and leverage ratios? Will the proceeds from the note offering be used for specific projects, acquisitions, or general corporate purposes? How does the credit rating of the notes compare to TPG's existing debt and to peers in the industry? What is the expected pricing (yield) of the notes relative to current market rates? How might the note issuance impact TPG's stock liquidity and price volatility? Are there any covenants or redemption features attached to the senior notes? What is the market demand forecast for the notes and the anticipated subscription level? How does this debt offering compare to recent similar offerings by competing asset management firms? What are the potential tax implications of the note issuance for TPG and its shareholders? Could the issuance of senior notes affect TPG's credit facilities or borrowing capacity? What is the timeline for the notes' issuance, pricing, and settlement? How might the guarantee by TPG and its subsidiaries influence investor confidence in the notes? What is the impact of this offering on TPG's dividend policy and payout ratio?