TCP Capital to pay down credit facility borrowings via stock offering

By Tali Rackner

Norfolk, Va., July 28 – TCP Capital Corp. plans to use the proceeds from a common stock offering to repay amounts outstanding under its revolving credit facilities, according to a company press release.

Proceeds will also be used to make investments in portfolio companies in accordance with its investment objective and for other general corporate purposes, including payment of operating expenses.

Santa Monica, Calif.-based TCP Capital is a specialty finance company.

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