other material
confidence high
sentiment positive
materiality 0.70
TPVG borrower ForgeRock acquired; $30M loan prepaid, $3.6M fees, $2.3M income acceleration
TriplePoint Venture Growth BDC Corp.
- ForgeRock acquired by Thoma Bravo in $2.3B all-cash deal; TPVG's $30.0M loan fully prepaid.
- Prepayment includes $3.6M in end-of-term payments and prepayment fees for TPVG.
- TPVG to recognize $2.3M accelerated income in quarter ending September 30, 2023.
- Net proceeds to repay outstanding debt under TPVG's revolving credit facility.