By Devika Patel
Knoxville, Tenn., March 19 – TriplePoint Venture Growth BDC Corp. completed a $70 million private placement of 4.5% five-year notes on March 19, according to an 8-K filed with the Securities and Exchange Commission.
Goldman Sachs & Co. LLC was the agent.
Proceeds will be used for investments in debt and equity securities, debt repayment and other general corporate purposes.
Menlo Park, Calif.-based TriplePoint Venture Growth BDC is an externally managed, closed-end, non-diversified management investment company that lends primarily with warrants to venture growth-stage companies.
| Issuer: | TriplePoint Venture Growth BDC Corp.
|
| Issue: | Notes
|
| Amount: | $70 million
|
| Maturity: | March 19, 2025
|
| Agent: | Goldman Sachs & Co. LLC
|
| Coupon: | 4.5%
|
| Call: | Any time at par plus interest and possibly a make-whole premium
|
| Settlement date: | March 19
|
| Distribution: | Private placement
|
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