debt
confidence high
sentiment neutral
materiality 0.50
BlackRock TCP Capital amends credit facility to permit BlackRock's acquisition of HPS Group
BlackRock TCP Capital Corp.
- Entered into Ninth Amendment to $265M senior secured revolving credit facility, dated May 16, 2025.
- Amendment permits BlackRock Inc.'s acquisition of all business and assets of HPS Group Adviser Holdings and HPS Partners.
- Amendment provides that the Titan Transactions will not constitute a Change in Control under the credit agreement.
- Lenders include Citibank, Bank of America, Deutsche Bank, State Street, Morgan Stanley, HSBC.
- Borrower reaffirms all obligations, security interests, and liens under the credit documents.