TCP Capital unit gets new $200 million revolver at Libor plus 200 bps

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – TCP Capital Corp.’s wholly owned portfolio holding company subsidiary, TCPC Funding II, LLC, established a new $200 million revolving credit facility with Morgan Stanley as administrative agent on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

There is a $50 million accordion feature.

The credit facility matures on Aug. 4, 2025 and bears interest at Libor plus 200 basis points.

The specialty finance company is based in Santa Monica, Calif.

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