BKCC amends note agreement, raising Tranche A rate from 5.82% to 6.85% upon merger with TCPC

BlackRock Capital Investment Corp

Entered First Amendment to Master Note Purchase Agreement on March 13, 2024 with holders of all $92M outstanding notes.
Interest rate on $35M Tranche A Notes increases from 5.82% to 6.85% effective upon merger close.
Amendment amends agreement to reflect successor company structure; notes will be assumed by successor.
Noteholder approval obtained; agreement facilitates merger with TCPC.
Merger with TCPC approved by stockholders on March 7, 2024; closing pending.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BlackRock Capital Investment Corp amended First Amendment with the Noteholders (effective 2024-03-13).

Action: amendment
Agreement: notes offering
Counterparty: the Noteholders
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, BlackRock Capital Investment Corporation (the “ Company ”) entered into a first amendment (the “ First Amendment ”) to the Master Note Purchase Agreement, dated April 21, 2022

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Source: SEC EDGAR

accession 0001140361-24-013112

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