TPG prices $500 million in senior notes due 2036

SAN FRANCISCO - TPG Inc. (NASDAQ:TPG), a $9.1 billion market cap alternative asset manager, announced Monday that its indirect subsidiary, TPG Operating Group II, L.P., has priced a $500 million offering of senior notes due 2036 with an interest rate of 5.375%.

The notes will be fully guaranteed by TPG and certain direct subsidiaries of the issuer, according to a press release statement. Interest will be paid semi-annually on January 15 and July 15, beginning January 15, 2026.

The global alternative asset management firm, which manages $261 billion in assets, plans to use the proceeds to repay a portion of its outstanding revolving credit facility debt and for general corporate purposes.

Morgan Stanley, BofA Securities, Wells Fargo Securities, Goldman Sachs, J.P. Morgan Securities, and TPG Capital BD are serving as joint book-running managers for the offering, with 18 additional firms acting as co-managers.

The offering is being made under TPG’s existing shelf registration statement filed with the Securities and Exchange Commission on February 27, 2024.

The transaction is expected to close on August 14, 2025, subject to customary closing conditions.

TPG, founded in San Francisco in 1992, invests across private equity, impact, credit, real estate, and market solutions sectors.

In other recent news, TPG Inc. reported robust financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of $0.69, significantly higher than the projected $0.44, marking an unexpected increase of 56.82%. Revenue figures were also impressive, reaching $920.54 million, nearly doubling the anticipated $460.7 million. In another development, TPG announced that its indirect subsidiary, TPG Operating Group II, L.P., plans to offer senior notes due in 2036. This offering aims to repay existing debt and will be fully guaranteed by TPG and certain direct subsidiaries of the issuer. These recent developments highlight TPG’s strong financial performance and strategic financial maneuvers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.