FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Carlyle-Led Middle-Market Lender TCG BDC to Go Public

June 12, 2017, 07:18 AM
Filed Under: Industry News

TCG BDC, Inc.announced that it plans to make an initial public offering of 9,000,000 shares of its common stock. TCG BDC is expected to list its common stock on the NASDAQ Global Select Market under the symbol “CGBD.” The underwriters are expected to have an option to purchase up to an additional 1,350,000 shares of its common stock. The completion of the proposed offering depends upon several factors, including market and other conditions.

TCG BDC expects to use the net proceeds of this offering to repay a portion of the outstanding debt under its senior secured revolving credit facilities.

BofA Merrill Lynch, Morgan Stanley, J.P. Morgan and Citigroup are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods and Wells Fargo Securities are acting as bookrunners for the offering and HSBC and Mizuho Securities are acting as co-managers for the offering.

TCG BDC is managed by Carlyle GMS Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group L.P. TCG BDC is an externally managed specialty finance company focused on lending to middle-market companies and has invested more than $2.4 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.