TPG Specialty Lending Increases Proposal to Acquire TICC Capital

TPG Specialty Lending, Inc.

today announced that it has increased its offer, as a percentage of net asset value, to acquire TICC Capital Corp.

in a stock-for-stock transaction. TSLX believes that its updated proposal is superior in that it would deliver to ALL TICC stockholders an immediate, upfront premium and the opportunity to participate in an industry-leading platform with a sustainable dividend. Under the terms of the updated proposal announced today, TICC stockholders would receive a number of shares of TSLX common stock that results in TICC stockholders receiving 90% of TICC net asset value per share as of the