Business
BlackRock TCP Capital Corp. Announces Extension of and Certain Amendments to Its Revolving Credit Facility
SANTA MONICA, Calif.--(BUSINESS WIRE)-- BlackRock TCP Capital Corp. (NASDAQ: TCPC) (“TCPC” or the “Company”) announced today the extension of its SVCP Credit
About this update from Blackrock Tcp Capital Corp.
[{"type":"text","content":" SANTA MONICA, Calif.--(BUSINESS WIRE)--\nBlackRock TCP Capital Corp. (NASDAQ: TCPC) (“TCPC” or the “Company”) announced today the extension of its SVCP Credit Facility (the “Facility”) by two years to May 6, 2026. Other amendments to the Facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%, subject to certain borrowing base conditions. The Facility is led by ING Capital LLC and includes a total of 7 bank participants.\n\n“We are pleased to announce this extension of our SVCP Credit Facility, which further enhances our flexible and diverse leverage program,” said BlackRock TCP Capital Corp. Chief Financial Officer Erik Cuellar. “We truly value our long-term relationships with our bank lending partners, and their support and confidence in our Company.”\n\nABOUT BLACKROCK TCP CAPITAL CORP.\n\nBlackRock TCP Capital Corp. (NASDAQ: TCPC) is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and services and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. TCPC’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC is a publicly-traded business development company, or BDC, regulated under the Investment Company Act of 1940 and is externally managed by its advisor, Tennenbaum Capital Partners, LLC, a wholly-owned, indirect subsidiary of BlackRock, Inc. For more information, visit www.tcpcapital.com.\n\nFORWARD-LOOKING STATEMENTS\n\nProspective investors considering an investment in BlackRock TCP Capital Corp. should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company’s filings with the SEC. Copies are available on the SEC’s website at www.sec.gov and the Company’s website at www.tcpcapital.com. Prospective investors should read these materials carefully before investing.\n\nThis press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking state...