debt
confidence high
sentiment neutral
materiality 0.55
TPG completes $400M offering of 6.95% junior subordinated notes due 2064
TPG Inc.
- Issued $400M aggregate principal of 6.950% Fixed-Rate Junior Subordinated Notes due March 15, 2064.
- Interest payable quarterly; issuer may defer interest for up to five consecutive years.
- Notes are unsecured, subordinated obligations of TPG Operating Group II, L.P., guaranteed by TPG Inc. and other subsidiaries.
- Notes approved for listing on Nasdaq Global Market under ticker TPGXL.