METAIRIE, La., July 17, 2014 /PRNewswire/ -- Mississippi Resources, LLC ("MSR" or the "Company") announced today that it closed a senior debt and preferred equity investment with TPG Specialty Lending, Inc. (NYSE : TSLX , "TSL") for a maximum amount of $55.5 million.  The funds will be used to retire debt, buy out preferred equity outstanding and for working capital to fund the company's development plan, and to acquire additional acreage adjacent to the existing lease holdings.

In connection with the transaction, KLR Group, LLC acted as exclusive advisor to Mississippi Resources.

Keith Gourgues, CEO of Mississippi Resources, commented, "I am pleased to announce TSL's recent capital infusion into our Company.  TSL has an outstanding track record of investing in and building businesses. We are looking forward to partnering with them and growing our business over the next few years."

About Mississippi Resources, LLC

Mississippi Resources, LLC is an independent exploration and production company focused on conventional oil development in Mississippi and Alabama. MSR has a working interest in over 60 wells, and approximately 25,000 net acres of leasehold.  The company is based in Metairie, LA.  For additional information concerning Mississippi Resources, LLC visit www.miss-resources.com.

About TPG Specialty Lending, Inc.

TSL is a specialty finance company focused on lending to middle-market companies. TSL seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. TSL has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSL is externally managed by TSL Advisers, LLC, an SEC-registered investment adviser. TSL leverages the deep investment, sector, and operating resources of TPG Special Situations Partners, the dedicated special situations and credit platform of TPG, with over $9 billion of assets under management, and the broader TPG platform, a leading global private investment firm with over $59 billion of assets under management, each as of March 31, 2014. For more information, visit www.tpgspecialtylending.com.

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, estimates and projections about us, our current and prospective portfolio investments, our industry, our beliefs, and our assumptions. 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, some of which are beyond TSL's control and difficult to predict, that could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

AVAILABLE INFORMATION

TSL's filings with the Securities and Exchange Commission, press releases, earnings releases and other financial information are available on its website at www.tpgspecialtylending.com.

SOURCE Mississippi Resources, LLC