BlackRock TCP Capital Corp. (TCPC): debt financing — BlackRock TCP Capital closes $535.8M CLO securitization, repays existing debt facilities

Item 1.01. Entry into a Material Definitive Agreement. On May 27, 2026 (the " Closing Date "), BlackRock TCP Capital Corp. (the " Company "), through its subsidiary, completed a $535,780,000 securitization of certain loans held by a subsidiary of the Company (the " CLO Transaction "). On the Closing Date and in connection with the CLO Transaction, BlackRock DLF 2026-C

On the Closing Date, TCPC II entered into a payoff letter (“ Payoff Letter ”) to terminate the Loan and Servicing Agreement dated as of August 4, 2020 (as amended, modified, supplemented, restated or replaced from time to time, the “ LSA ”) among TCPC II, as borrower, Special Value Continuation Partners LLC, as servicer, Morgan Stanley Asset Funding Inc., as administrative agent and Morgan Stanley Bank, N.A., City National Bank, as lenders and Wells Fargo Bank, National Association, as the collateral agent, the account bank and the collateral custodian.

On the Closing Date and in connection with the CLO Transaction, BlackRock DLF 2026-C CLO, LLC (the " CLO Issuer "), an indirect wholly-owned subsidiary of the Company, entered into a placement agency agreement (the " Placement Agreement ") with Scotia Capital (USA) Inc., as placement agent (the " Placement Agent "), pursuant to which the CLO Issuer agreed to sell certain of the notes to be issued as part of the CLO Transaction pursuant to an indenture (the " Indenture ") by and between the CLO Issuer and Computershare Trust Company, N.A., as trustee.

BCIC Merger Sub, a subsidiary of the Company, is party as borrower to that certain Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of February 19, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “ BCIC Credit Agreement ”), among others, BCIC Merger Sub, the lenders party thereto from time to time and Citibank, N.A., as administrative agent.

SVCP, a subsidiary of the Company, is party as borrower to that certain Amended & Restated Senior Secured Revolving Credit Agreement, dated as of May 6, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “ SVCP Credit Agreement ”), among others, SVCP, the lenders party thereto from time to time, and ING Capital LLC, as administrative agent.

On May 27, 2026 (the " Closing Date "), BlackRock TCP Capital Corp. (the " Company "), through its subsidiary, completed a $535,780,000 securitization of certain loans held by a subsidiary of the Company (the " CLO Transaction "). On the Closing Date and in connection with the CLO Transaction, BlackRock DLF 2026-C CLO, LLC (the " CLO Issuer "), an indirect wholly-owned subsidiary of the Company, entered into a placement agency agreement (the " Placement Agreement ") with Scotia Capital (USA) Inc., as placement agent (the " Placement Agent "), pursuant to which the CLO Issuer agreed to sell certain of the notes to be issued as part of the CLO Transaction pursuant to an indenture (the " Indenture ") by and between the CLO Issuer and Computershare Trust Company, N.A., as trustee.

The Investment Manager serves as investment manager to the CLO Issuer under an investment management agreement entered into on the Closing Date (the " Investment Management Agreement ").