Blackrock Tcp Capital Corp - TCPC STOCK NEWS

BlackRock TCP Capital Corp. (NASDAQ: TCPC) has priced $150 million in 2.850% notes due 2026. The notes are expected to close on August 27, 2021, and will be treated as a single series with existing notes of the same rate. The proceeds will help redeem $175 million of 4.125% notes due 2022 and repay credit facilities. TCPC's total notes due in 2026 will rise to $325 million. These notes are unsecured obligations ranking equally with other senior debts but subordinated to subsidiary debts.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced a notice of redemption for its $175 million 4.125% Notes due 2022, effective September 17, 2021. Investors will receive either 100% of the principal amount or the present value of remaining payments discounted at the Treasury Rate plus 40 basis points. This press release does not serve as a redemption notice, and holders should consult the trustee for details. The Company focuses on lending to middle-market and small businesses, aiming for high returns while ensuring principal protection.

BlackRock TCP Capital Corp. (TCPC) reported its Q2 2021 financial results with net investment income of $17.8 million ($0.31 per share), surpassing the dividend of $0.30 per share. The net increase in net assets from operations was $54.8 million ($0.95 per share), significantly up from $35.5 million in Q1 2021. Net asset value per share rose 4.8% to $14.21. The company invested $235.7 million during Q2, with a portfolio fair value of approximately $1.8 billion. The board declared a third quarter dividend of $0.30 per share, payable on September 30, 2021.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) has moved up the release date for its second quarter financial results for the period ending June 30, 2021, to August 2, 2021, ahead of the previously scheduled date of August 4, 2021. The results will be reported before the markets open, followed by a conference call at 1:00 p.m. Eastern Time on the same day. Interested parties can join via phone or webcast. BlackRock TCP Capital focuses on direct lending to middle-market companies, aiming for high total returns through current income and capital appreciation.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) will report its financial results for Q2 ended June 30, 2021, on August 4, 2021, before market opening. A conference call is scheduled for the same day at 1:00 p.m. Eastern Time, allowing stakeholders to discuss these results. Interested participants can join by phone or via a webcast on TCPC's investor relations website. A replay will be available post-call until August 11, 2021. TCPC focuses on lending to middle-market companies, aiming for high total returns through current income and capital appreciation.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced a two-year extension of its SVCP Credit Facility to May 6, 2026. The amendments include a reduction in the interest rate to LIBOR plus 1.75%, contingent on borrowing base conditions. The Facility is managed by ING Capital LLC and involves seven bank participants. CFO Erik Cuellar expressed satisfaction with the extension, highlighting the importance of long-term partnerships with lenders.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced a leadership transition, appointing Rajneesh Vig as the new Chairman and CEO, succeeding Howard Levkowitz. Vig's appointment will be effective August 5, 2021, while Phil Tseng will become President and COO on the same date. This change follows Levkowitz's retirement plans, after a successful tenure that included the integration of Tennenbaum Capital Partners into BlackRock. Both Vig and Tseng have significant experience in the private credit sector, positioning TCPC for continued growth and strong shareholder returns.

BlackRock TCP Capital Corp. (TCPC) reported strong financial results for Q1 2021, with net investment income of $18.4 million ($0.32/share), exceeding its $0.30 dividend. The net increase in assets from operations was $35.5 million ($0.61/share), and net asset value per share rose 2.4% to $13.56. The company's portfolio included investments in 98 companies with a fair value of approximately $1.7 billion. The average yield on debt investments was about 9.5%. The board declared a second-quarter dividend of $0.30/share, reflecting confidence in ongoing performance.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) is set to report its financial results for Q1 ended March 31, 2021, on May 5, 2021, before market opening. A conference call will take place at 1:00 p.m. ET the same day to discuss these results. Interested parties can join by dialing (866) 270-1533 in the U.S. or (412) 317-0797 internationally. The call will be available as a webcast on TCPC's investor relations website. An archived replay will be accessible after the live call until May 12, 2021.