BlackRock TCP Capital Corp. Files 8-K for Regulation FD Disclosure
Ticker: TCPC · Form: 8-K · Filed: Aug 23, 2024 · CIK: 1370755
| Field | Detail |
|---|---|
| Company | Blackrock Tcp Capital Corp. (TCPC) |
| Form Type | 8-K |
| Filed Date | Aug 23, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $150.0 million, $50.0 million, $250.0 million, $300.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, regulation-fd
Related Tickers: BTCC
TL;DR
BTCC filed an 8-K for a Reg FD disclosure, no specific numbers yet.
AI Summary
BlackRock TCP Capital Corp. filed an 8-K on August 23, 2024, to report a Regulation FD Disclosure. The filing does not contain specific financial figures or transactional details in the provided text, but serves as a notification of information being disclosed.
Why It Matters
This filing indicates that BlackRock TCP Capital Corp. is making a public disclosure under Regulation Fair Disclosure, ensuring all investors receive material information simultaneously.
Risk Assessment
Risk Level: low — The filing is a standard procedural disclosure and does not contain information that inherently increases risk.
Key Players & Entities
- BlackRock TCP Capital Corp. (company) — Registrant
- Regulation FD (regulation) — Disclosure type
- August 23, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- Santa Monica, California (location) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a Regulation FD Disclosure.
When was this 8-K filed?
This 8-K was filed on August 23, 2024.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is BlackRock TCP Capital Corp.
In which state is BlackRock TCP Capital Corp. incorporated?
BlackRock TCP Capital Corp. is incorporated in Delaware.
What is the address of the registrant's principal executive offices?
The address of the registrant's principal executive offices is 2951 28th Street, Suite 1000, Santa Monica, California 90405.
Filing Stats: 944 words · 4 min read · ~3 pages · Grade level 14.3 · Accepted 2024-08-23 16:53:44
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value TCPC NASDAQ Global Select
- $150.0 million — On August 23, 2019, the Company issued $150.0 million of unsecured notes that would mature on
- $50.0 million — 2019, the Company issued an additional $50.0 million of the 2024 Notes and on October 2, 202
- $250.0 million — tstanding aggregate principal amount of $250.0 million of the 2024 Notes. On August 23, 2024,
- $300.0 million — pany's leverage program is comprised of $300.0 million in available debt under a revolving, mu
- $200.0 million — lue Continuation Partners LLC ("SVCP"); $200.0 million in available debt under a senior secure
- $325.0 million — with the Company's acquisition of BCIC; $325.0 million in senior unsecured notes issued by the
- $160.0 million — ed by the Company maturing in 2029; and $160.0 million in committed leverage from the United S
Filing Documents
- btcc-efp9674_8k.htm (8-K) — 28KB
- 0001133228-24-008023.txt ( ) — 197KB
- brtcc-20240823.xsd (EX-101.SCH) — 3KB
- brtcc-20240823_lab.xml (EX-101.LAB) — 33KB
- brtcc-20240823_pre.xml (EX-101.PRE) — 22KB
- btcc-efp9674_8k_htm.xml (XML) — 4KB
01
Item 7.01 Regulation FD Disclosure On August 23, 2019, the Company issued $150.0 million of unsecured notes that would mature on August 23, 2024 (the "2024 Notes"), unless previously repurchased or redeemed in accordance with their terms. On November 26, 2019, the Company issued an additional $50.0 million of the 2024 Notes and on October 2, 2020, the Company issued an additional $50.0 million of the 2024 Notes for a total outstanding aggregate principal amount of $250.0 million of the 2024 Notes. On August 23, 2024, the Company repaid $250.0 million of the 2024 Notes. After giving effect to the repayment of the 2024 Notes, the Company's leverage program is comprised of $300.0 million in available debt under a revolving, multi-currency credit facility issued by the Company's wholly-owned subsidiary, Special Value Continuation Partners LLC ("SVCP"); $200.0 million in available debt under a senior secured revolving credit facility issued by TCPC Funding II; amounts outstanding under a senior secured revolving credit facility originally issued by BlackRock Capital Investment Corporation ("BCIC") and assumed by BCIC Merger Sub, LLC ("Merger Sub"), a wholly-owned subsidiary of SVCP, in connection with the Company's acquisition of BCIC; unsecured notes due December 2025 originally issued by BCIC and assumed by Merger Sub in connection with the Company's acquisition of BCIC; $325.0 million in senior unsecured notes issued by the Company maturing in 2026; $325.0 million in senior unsecured notes issued by the Company maturing in 2029; and $160.0 million in committed leverage from the United States Small Business Administration. Under Section 61(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), prior to March 23, 2018, a business development company ("BDC") was generally not permitted to issue senior securities unless after giving effect thereto the BDC met a coverage ratio of total assets, less liabilities and indebtedness not represented by senio