debt
confidence high
sentiment neutral
materiality 0.55
TPVG issues $50M senior unsecured notes at 8.11% due 2028 to refinance March 2025 maturity
TriplePoint Venture Growth BDC Corp.
- $50M aggregate principal of 8.11% fixed-rate notes due February 12, 2028, issued in private placement.
- Net proceeds plus cash on hand used to prepay unsecured notes maturing March 2025.
- Notes contain financial covenants: min asset coverage 1.5x, interest coverage 1.25x, minimum equity.
- Goldman Sachs & Co. acted as sole placement agent; closing expected February 12, 2025.
- Interest payable semiannually on Feb 12 and Aug 12, starting Aug 12, 2025.