M&A
confidence high
sentiment neutral
materiality 0.50
TCPC and BCIC amend merger agreement; boards approve restated terms
BlackRock TCP Capital Corp.
- Amended and restated merger agreement dated Jan 10, 2024 replaces the original Sept 6, 2023 agreement.
- Boards of both TCPC and BCIC, on recommendation of special committees, unanimously approved the restated agreement.
- Merger of BCIC into TCPC subsidiary (Merger Sub) intended as tax-free reorganization under Section 368(a) of the Code.
- The restated agreement contains no disclosed changes to merger consideration or exchange ratio; stockholder votes still required.