News & Announcements

Weil Advises TPG on $1.65B Trio of Equity and Debt Offerings

Weil advised TPG in connection with a $646.5 million underwritten offering of TPG Inc. common stock by certain selling stockholders, which priced on February 26, 2024; a $400 million registered offering of 6.950% fixed-rate junior subordinated notes due 2064, which priced on February 28, 2024; and a $600 million registered offering of 5.875% senior notes due 2034, which priced on February 29, 2024. The selling stockholder deal represents TPG’s first underwritten equity offering since its IPO in January 2022, on which Weil also advised TPG, and the duo of senior and subordinated notes offerings represent TPG’s debut to the debt securities capital markets.

The Weil deal team was led by Capital Markets partners Michael Hickey and Michael Stein and included associates Stefan Tsourovakas, Emma McBride, Gabriella Leonovicz and Evan Caltavuturo.