{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-042949","form_type":"8-K","ticker":"TCPC","cik":"0001370755","company_name":"BlackRock TCP Capital Corp.","filed_at":"2023-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.723781+00:00","generated_at":"2026-06-10T23:18:31.329407+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"BlackRock TCP Capital Corp. to merge with BlackRock Capital Investment Corp. in stock-for-stock deal","bullets":["BCIC shareholders receive TCPC shares based on NAV exchange ratio; combined net assets ~$1.1B (6/30/23).","Base management fee cut from 1.50% to 1.25% on assets ≤200% of NAV; fee waiver guarantees $0.32/share adjusted NII for 4 quarters.","Transaction expected to close in first fiscal quarter 2024; termination fees ~$9.4M (BCIC) or ~$22.4M (TCPC).","Advisor covers 50% of transaction costs up to $6M combined ($3M if shareholder approval fails)."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-042949","json":"https://secwatch.observer/filing/0001140361-23-042949.json","markdown":"https://secwatch.observer/filing/0001140361-23-042949.md","text":"https://secwatch.observer/filing/0001140361-23-042949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370755/000114036123042949/0001140361-23-042949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370755/000114036123042949/brhc20058304_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T23:18:31.329407+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8293c7dc8d29d07735ff4960cb589f97951461fd","claim":"BlackRock TCP Capital Corp. entered into Agreement and Plan of Merger with BlackRock Capital Investment Corporation (effective 2023-09-06).","evidence_excerpt":"On September 6, 2023, BlackRock TCP Capital Corp., a Delaware corporation (NASDAQ: TCPC) (“TCPC”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with BlackRock Capital Investment Corporation, a Delaware corporation (NASDAQ: BKCC) (“BCIC”), Project Spurs Merger Sub, LLC, a Delaware limited liability company and wholly-owned indirect subsidiary of TCPC (“Merger Sub”), and, solely for the limited purposes set forth therein, (x) BlackRock Capital Investment Advisors, LLC, a Delaware limited liability company and investment adviser to BCIC (“BCIA”), and (y) Tennenbaum Capital Partners, LLC, a Delaware limited liability company and investment adviser to TCPC (“TCP”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1370755/000114036123042949/0001140361-23-042949-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"BlackRock Capital Investment Corporation"},{"label":"Effective","value":"2023-09-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}