TPG Inc. (TPG) announced that TPG Operating Group II, L.P., an indirect subsidiary of TPG, priced a registered public offering of $500 million aggregate principal amount of 5.375% senior notes due 2036. The offering is expected to close on August 14, 2025.
The notes will bear interest at a rate of 5.375% per year. Interest on the notes will be payable semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2026.
The company plans to use the net proceeds from the offering to repay a portion of outstanding debt under its revolving credit facility and for general corporate purposes.
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