TPG

EQS-News: The Platform Group AG increases majority stake in ApoNow

Retrieved on: 
Wednesday, March 13, 2024

The Platform Group AG (ISIN DE000A200QEFA1 , “TPG”), a leading software company for platform solutions, has increased its majority stake in ApoNow GmbH (“ApoNow”) from 50.1% to 80.0%.

Key Points: 
  • The Platform Group AG (ISIN DE000A200QEFA1 , “TPG”), a leading software company for platform solutions, has increased its majority stake in ApoNow GmbH (“ApoNow”) from 50.1% to 80.0%.
  • Dr. Dominik Benner, CEO of The Platform Group AG: “ApoNow has developed positively since our entry in 2021 and is the only platform and software solution where pharmaceutical manufacturers are directly connected to local pharmacies.
  • In the current year, The Platform Group AG plans to acquire 3-8 companies in both the B2B and B2C sectors.
  • The Platform Group AG is a software company that is active in 19 sectors with its own platform solutions.

TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock

Retrieved on: 
Friday, March 8, 2024

TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the Company’s Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) for the first quarter of 2024.

Key Points: 
  • TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the Company’s Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) for the first quarter of 2024.
  • The Series C Preferred Stock dividend is payable on March 28, 2024 to preferred stockholders of record as of March 18, 2024.

TPG Announces Pricing of Senior Notes

Retrieved on: 
Thursday, February 29, 2024

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, priced a registered public offering of $600 million aggregate principal amount of 5.875% senior notes due 2034 (the “notes”).

Key Points: 
  • 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, priced a registered public offering of $600 million aggregate principal amount of 5.875% senior notes due 2034 (the “notes”).
  • The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries.
  • Interest on the notes will be payable semi-annually in arrears on March 5 and September 5 of each year, beginning on September 5, 2024.
  • BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and TPG Capital BD, LLC are acting as joint book-running managers for the offering.

TPG Announces Pricing of Fixed-Rate Junior Subordinated Notes

Retrieved on: 
Thursday, February 29, 2024

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, priced a registered public offering of $400 million aggregate principal amount of 6.950% fixed-rate junior subordinated notes due 2064 (the “notes”).

Key Points: 
  • 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, priced a registered public offering of $400 million aggregate principal amount of 6.950% fixed-rate junior subordinated notes due 2064 (the “notes”).
  • The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries.
  • The notes will bear interest at a fixed rate of 6.950% per year.
  • In connection with the offering, the Issuer has applied to list the notes on the Nasdaq Global Market (“Nasdaq”) under the symbol “TPGXL”.

TPG Announces Public Offering of Senior Notes and Fixed-Rate Junior Subordinated Notes

Retrieved on: 
Tuesday, February 27, 2024

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 2034 (the “senior notes”) and fixed-rate junior subordinated notes due 2064 (the “junior subordinated notes”) in separate registered public offerings, subject to market and other conditions.

Key Points: 
  • 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 2034 (the “senior notes”) and fixed-rate junior subordinated notes due 2064 (the “junior subordinated notes”) in separate registered public offerings, subject to market and other conditions.
  • The senior notes and junior subordinated notes will each be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries.
  • The Issuer intends to grant the underwriters of the junior subordinated notes a 30-day option to purchase additional junior subordinated notes solely to cover over-allotments, if any.
  • The senior notes offering and junior subordinated notes offering are being conducted as separate public offerings by means of separate prospectus supplements filed as part of the shelf registration statement, and neither of these offerings is contingent upon consummation of the other.

TPG Announces Pricing of Secondary Public Offering

Retrieved on: 
Monday, February 26, 2024

TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced the pricing of a secondary underwritten public offering of 15,526,915 shares of TPG’s Class A common stock, par value $0.001 per share (the “Common Stock”), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).

Key Points: 
  • TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced the pricing of a secondary underwritten public offering of 15,526,915 shares of TPG’s Class A common stock, par value $0.001 per share (the “Common Stock”), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
  • The offering consists entirely of secondary shares to be sold by certain stockholders of the Company (the “Selling Stockholders”).
  • The Selling Stockholders will receive all of the proceeds from the offering.
  • The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.

TPG Announces Launch of Secondary Public Offering

Retrieved on: 
Monday, February 26, 2024

The offering consists entirely of secondary shares to be sold by the Selling Stockholders.

Key Points: 
  • The offering consists entirely of secondary shares to be sold by the Selling Stockholders.
  • The Selling Stockholders will receive all of the proceeds from the offering.
  • The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.
  • An automatic shelf registration statement (including a prospectus) relating to the offering of Common Stock was filed by TPG with the SEC on February 26, 2024 and became effective upon filing.

TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023

Retrieved on: 
Tuesday, February 20, 2024

TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) reported its operating results for the quarter and full year ended December 31, 2023.

Key Points: 
  • TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) reported its operating results for the quarter and full year ended December 31, 2023.
  • The quarter-end allowance equals 190 basis points of total loan commitments as of December 31, 2023 compared to 560 basis points as of September 30, 2023.
  • Held no non-accrual loans at December 31, 2023, compared to four loans at September 30, 2023 with a total amortized cost of $318.1 million.
  • The Company issued a supplemental presentation detailing its fourth quarter and full year 2023 operating results, which can be viewed at http://investors.tpgrefinance.com/ .

Authentic Vacations Celebrates UNESCO World Heritage Sites

Retrieved on: 
Tuesday, March 5, 2024

SCOTTSDALE, Ariz., March 5, 2024 /PRNewswire/ -- Mary Beth Kelm, COO of Authentic Vacations, a member of TPG, is excited to announce a new category for their customized travel and Small Guided Vacations: UNESCO World Heritage Sites. UNESCO's first project was saving the extraordinary cultural heritage of Egypt's Nile Valley, including its pyramids and the treasures within, during the building of the Aswan dam. Saving Venice, Italy, and its lagoon was also an early success. The organization continues to protect and preserve sites of cultural and natural beauty throughout the world.

Key Points: 
  • SCOTTSDALE, Ariz., March 5, 2024 /PRNewswire/ -- Mary Beth Kelm, COO of Authentic Vacations, a member of TPG, is excited to announce a new category for their customized travel and Small Guided Vacations: UNESCO World Heritage Sites.
  • The organization continues to protect and preserve sites of cultural and natural beauty throughout the world.
  • "At Authentic Vacations," says Kelm, "we believe that travel creates well-being on every level.
  • Authentic Vacations offers Small Guided Vacations, with no more than 18 people, via a small luxury coach.

Matrix Renewables closes Tax Credit Transfer Agreement and Construction to Term Loan Financing for 260MWdc solar project in Ada County, Idaho

Retrieved on: 
Thursday, February 22, 2024

The debt transaction led by MUFG as Coordinated Lead Arranger includes a construction loan, term loan and LC support.

Key Points: 
  • The debt transaction led by MUFG as Coordinated Lead Arranger includes a construction loan, term loan and LC support.
  • The tax credit transfer agreement was executed with a property/casualty insurance company as the tax credit buyer and Stonehenge Capital as the tax credit servicer.
  • Matrix has elected PTC monetization for the project and received a full 10-year PTC purchase commitment from the tax credit buyer.
  • "We are incredibly pleased to report our financing and construction progress on our Pleasant Valley Solar project.