By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – TriplePoint Venture Growth BDC Corp. completed a $125 million private placement of 5% notes due Feb. 28, 2027, according to a news release.
Goldman Sachs & Co. LLC was the agent.
The notes may be redeemed in whole or in part at any time or from time to time at the company’s option at par plus accrued interest to the prepayment date and, if applicable, a premium.
Proceeds will be used to repay outstanding borrowings under the issuer’s $350 million revolving credit facility, to fund investments in accordance with its investment objectives and for 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.
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Amount: | $125 million
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Issue: | Notes
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Maturity: | Feb. 28, 2027
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Agent: | Goldman Sachs & Co. LLC
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Coupon: | 5%
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Call: | Any time at par plus interest and make-whole premium, if any
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Distribution: | Private placement
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