BlackRock TCP Capital Corp. Files 8-K for Material Agreement

TL;DR

BlackRock TCP Capital Corp. just filed an 8-K for a material agreement and financial obligation. Big news incoming.

AI Summary

On May 30, 2024, BlackRock TCP Capital Corp. entered into a material definitive agreement and created a direct financial obligation. The filing is a Form 8-K, indicating a significant event for the company. Specific details of the agreement and obligation are not provided in this excerpt.

Why It Matters

This 8-K filing signals a significant event for BlackRock TCP Capital Corp., potentially impacting its financial obligations and strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• BlackRock TCP Capital Corp. (company) — Registrant
• May 30, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common stock, $0.001 par value per share TCPC NASDAQ Globa
• $325,000,000 — " Company" ) completed its offering of $325,000,000 in aggregate principal amount of the Co
• $315.9 m — ceeds to the Company were approximately $315.9 million, after deducting fees and expense

Filing Documents

• btcpcc-html7996_8k.htm (8-K) — 35KB
• btcpcc-html7996_ex9941.htm (EX-99.41) — 112KB
• btcpcc-html7996_ex9951.htm (EX-99.51) — 29KB
• 0001133228-24-005794.txt ( ) — 383KB
• btcpcc-20240530.xsd (EX-101.SCH) — 3KB
• btcpcc-20240530_lab.xml (EX-101.LAB) — 33KB
• btcpcc-20240530_pre.xml (EX-101.PRE) — 22KB
• btcpcc-html7996_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On May 30, 2024, BlackRock TCP Capital Corp. (the " Company" ) completed its offering of $325,000,000 in aggregate principal amount of the Company's 6.95% Notes due 2029 (the " Notes ") pursuant to the Company's effective shelf registration statement on Form N-2 (File No. 333-267593) previously filed with the Securities and Exchange Commission on September 23, 2022. The net proceeds to the Company were approximately $315.9 million, after deducting fees and expenses. The Company intends to use the net proceeds of the offering of the Notes to repay the Company's outstanding 3.900% Notes due 2024 at or before maturity and for the temporary repayment of the Company's other indebtedness. The Company may also invest the net proceeds of the offering of the Notes in accordance with its investment objective and for other general corporate purposes, including the payment of operating expenses. The Notes were issued by the Company pursuant to the Indenture, dated as of August 11, 2017 (the "Base Indenture"), between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (the " Trustee "), as supplemented by the Fourth Supplemental Indenture, dated as of May 30, 2024 (the "Fourth Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), between the Company and the Trustee. The Notes will mature on May 30, 2029 and may be redeemed in whole or in part at the Company's option at any time at par plus a "make-whole" premium, provided that the Notes may be redeemed at par one month prior to their maturity. The Notes bear interest at a rate of 6.95% per year payable semi-annually on May 30 and November 30 of each year, commencing on November 30, 2024. The Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company's existing and future indebtedness that is expressly subordinated in rig

03. Creation of a Direct Financial Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 above is incorporated into this Item 2.03 by reference. 2

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 4.1 Fourth Supplemental Indenture, dated as of May 30, 2024, between BlackRock TCP Capital Corp. and U.S. Bank Trust Company, National Association, as the Trustee. 4.2 Form of Global Note of 6.95% Notes due 2029 (incorporated by reference to Exhibit 4.1 hereto). 4.3 Indenture, dated as of August 11, 2017, between BlackRock TCP Capital Corp. and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as the Trustee (incorporated by reference to Exhibit (d)(1) to BlackRock TCP Capital Corp.'s Post-Effective Amendment No. 1 to its Registration Statement on Form N-2 (File No. 333-216716), filed on August 11, 2017). 5.1 Opinion of Skadden, Arps, Slate, Meagher & Flom LLP. 23.1 Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.1). 104 Cover Page Interactive Date File (embedded within the Inline XBRL document). 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 30, 2024 BLACKROCK TCP CAPITAL CORP. By: /s/ Erik L. Cuellar Name: Erik L. Cuellar Title: Chief Financial Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR