BlackRock TCP Capital repays $250M 2024 Notes; asset coverage ratio rises to 180.2%

BlackRock TCP Capital Corp.

Repaid $250M aggregate principal of unsecured notes maturing August 23, 2024.
Asset coverage ratio immediately after repayment: 180.2% (up from 173.8% as of June 30, 2024).
Remaining leverage includes $300M SVCP facility, $325M 2026 notes, $325M 2029 notes, and SBA committed leverage.
Notes originally issued in tranches: $150M (Aug 2019), $50M (Nov 2019), $50M (Oct 2020).

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