debt
confidence high
sentiment neutral
materiality 0.50
BlackRock TCP Capital issues $325M 6.95% Notes due 2029 to refinance debt
BlackRock TCP Capital Corp.
- $325M principal of 6.95% Notes due 2029; expected issuance May 30, 2024.
- Proceeds to repay the Company's outstanding 3.900% Notes due 2024.
- Notes are senior unsecured obligations; underwriting agreement with Morgan Stanley & Co.
- Net proceeds may also be used for other general corporate purposes.