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Published on 7/17/2017 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

TriplePoint Venture to redeem 6.75% notes due 2020 on Aug. 13

New York, July 17 – TriplePoint Venture Growth BDC Corp. will redeem its $54,625,000 of $25-par 6.75% notes due 2020 on Aug. 13, according to an N-23C-2 filing with the Securities and Exchange Commission.

Holders will receive par plus accrued interest up to but excluding the redemption date, according to a notice.

The company previously said it planned to redeem the baby bonds with an offering of new $25-par notes and then priced $65 million of 5.75% notes due 2022 on July 11.

The existing notes trade on the New York Stock Exchange under the symbol “TPVZ.”

TriplePoint is a Menlo Park, Calif., business development company that acts as the primary financing source for the venture growth stage business segment of TriplePoint Capital LLC, a provider of financing to technology, life sciences and other high growth companies backed by venture capital firms.


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