secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001133228-24-007434
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TCPC subsidiary amends credit facility extending maturity to 2029 and lowering SOFR adjustment
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- Amendment No. 7 to A&R Senior Secured Revolving Credit Agreement extends maturity date to August 1, 2029 (from 2024).
- SOFR adjustment lowered and certain borrowing base restrictions removed, improving borrowing terms.
- Minimum stockholder's equity covenant updated and change-in-control provisions adjusted for BlackRock's acquisition of GIP.
- Subsidiary guarantors (36th Street Capital Partners, TCPC Funding I) reaffirm guarantees and collateral grants.
- Amendment effective August 1, 2024; conditions precedent include no material adverse effect and compliance with financial covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000113322824007434/0001133228-24-007434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000113322824007434/btcc-html8240_8k.htm
  HTML page:      https://secwatch.observer/filing/0001133228-24-007434

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