debt
confidence high
sentiment neutral
materiality 0.50
BlackRock TCP Capital Corp issues $325M 6.95% Notes due 2029
BlackRock TCP Capital Corp.
- $325M aggregate principal, 6.95% semi-annual interest, maturity May 30, 2029.
- Net proceeds ~$315.9M after fees; used to repay 3.900% Notes due 2024 and other debt.
- Notes are unsecured general obligations, rank pari passu with existing unsecured debt.
- May be redeemed at par plus make-whole premium prior to April 30, 2029, thereafter at par.
- Issued under fourth supplemental indenture with U.S. Bank Trust as trustee.