2017-039

TCG BDC, Inc. Closes Initial Public Offering of Common Stock

New York, NY - TCG BDC, Inc. (“TCG BDC”) (NASDAQ: CGBD) announced today that it closed its initial public offering of 9,000,000 shares of its common stock on June 19, 2017. Shares of common stock of TCG BDC began trading on the NASDAQ Global Select Market on June 14, 2017.

BofA Merrill Lynch, Morgan Stanley, J.P. Morgan and Citigroup acted as joint book-running managers for the offering.  Keefe, Bruyette & Woods, A Stifel Company and Wells Fargo Securities acted as bookrunners for the offering and HSBC and Mizuho Securities acted as co-managers for the offering.

About TCG BDC, Inc.
TCG BDC is an externally managed specialty finance company focused on lending to middle-market companies. TCG BDC is managed by Carlyle GMS Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group L.P.   Since it commenced investment operations in May 2013 through March 31, 2017, TCG BDC has invested more than $2.4 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. TCG BDC’s investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies. TCG BDC has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.

Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations and estimates about us, our current and prospective portfolio investments, our industry, our beliefs, our assumptions and other similar matters. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “would,” “should,” “targets,” “projects,” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, including those described from time to time in our filings with the SEC, many of which are beyond TCG BDC’s control and difficult to predict, that could cause actual results to differ materially from those implied or expressed in the forward-looking statements.  TCG BDC undertakes no obligation to update or revise publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact:
Daniel Harris
212-813-4527
daniel.harris@carlyle.com

Media Contact:
Jordan DeJarnette
202-729-5029
jordan.dejarnette@carlyle.com