Welcome to our dedicated page for Blackrock Tcp Capital news (Ticker: TCPC), a resource for investors and traders seeking the latest updates and insights on Blackrock Tcp Capital stock.
BlackRock TCP Capital Corp. reports news as a publicly traded business development company focused on direct lending to middle-market companies and small businesses. The company seeks returns from current income and capital appreciation, primarily through debt investments in established companies across industries where it has lending expertise.
Recurring TCPC updates include quarterly and annual financial results, dividend declarations, portfolio and valuation commentary, capital-structure activity, material financing agreements, and governance matters. The company is externally managed by an adviser that is a wholly owned, indirect subsidiary of BlackRock, Inc.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has priced $175 million in 2.850% notes due 2026. The transaction is subject to customary closing conditions, with delivery expected on February 9, 2021. The notes will bear a 2.850% annual interest, payable semiannually, and may be redeemed at par with a potential make-whole premium. Proceeds will be used to repay credit facilities and for corporate purposes. The notes rank equally with the Company’s other unsecured senior debt but are subordinated to subsidiary debts and secured liabilities.
BlackRock TCP Capital Corp. (TCPC) revealed preliminary financial estimates for Q4 2020. The estimated net investment income per share ranges from $0.34 to $0.35. The net asset value increased from $12.71 on September 30, 2020, to $13.22 by December 31, 2020, reflecting a 4.0% increase. Total dividends paid were (0.30). Regulatory leverage stands at 0.94x, and gross leverage at 1.12x with non-accrual loans at 0.5%. Final results will be confirmed following the completion of financial closing procedures.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced the upcoming release of its financial results for the fourth quarter and fiscal year ended December 31, 2020. The announcement is scheduled for February 25, 2021, before market opening. Alongside, a conference call will be held at 1:00 p.m. ET to discuss these results, accessible via phone and webcast. Interested participants can dial (866) 393-0571 for U.S. calls or (206) 453-2872 for international calls, entering Conference ID 9091365.
BlackRock TCP Capital Corp. (TCPC) announced its Q3 2020 financial results, reporting a net investment income of $20.1 million, or $0.35 per share. The company's net asset value (NAV) per share increased to $12.71, up 4.1% from the previous quarter. Total debt positions constituted 92% of the $1.6 billion investment portfolio, with a weighted average effective yield of 10.0%. The company declared a fourth-quarter dividend of $0.30 per share, payable on December 31, 2020. Total operating expenses were $22.7 million.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has rescheduled its third-quarter financial results call for the period ending September 30, 2020. The results will now be reported on November 2, 2020, after market close, moved from the previously set date of November 5. The company will host a conference call that same day at 5:00 p.m. Eastern Time to discuss its financial outlook. Interested parties can join the call or access a replay through the investor relations section of TCPC’s website.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) will report its third-quarter financial results for the period ending September 30, 2020, on November 5, 2020, before market opening. A conference call to discuss these results is scheduled for the same day at 12:00 p.m. Eastern Time. Interested parties can participate via phone or webcast. TCPC focuses on direct lending to middle-market companies and aims to achieve high total returns by balancing current income and capital appreciation. Further details are available on the company's website.