debt
confidence high
sentiment positive
materiality 0.60
TPVG amends credit facility, extends revolving period to 2027, maturity to 2029 with improved terms
TriplePoint Venture Growth BDC Corp.
- Extended revolving period to Nov 30, 2027, and maturity to May 30, 2029.
- Reduced spread: margin ranges from 2.75% to 4.50% based on utilization.
- Increased advance rates on assets pledged as collateral.
- $300M total commitments; accordion feature allows increase to $400M.
- Deutsche Bank serves as facility agent; lenders include KeyBank, MUFG, Customers Bank, Axos Bank, EverBank.