Triplepoint Ven Stock Price, News & Analysis

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced its third-quarter financial results will be released on November 2, 2022, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO James P. Labe and other executives. Investors can join via phone or a live audio webcast available on the company's website. TriplePoint focuses on providing customized debt financing and equity investments to venture growth stage companies in technology and other high-growth sectors, backed by leading venture capital firms.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has priced an underwritten offering of 3,750,000 shares of its common stock at $13.75 per share, aiming for gross proceeds of approximately $51.56 million. The offering is set to close on or about August 9, 2022. Proceeds will primarily be used to repay debt under its credit facility, with plans to re-borrow and invest according to its strategies. The underwriters have an option to purchase an additional 562,500 shares. The offering is under a shelf registration statement effective with the SEC.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced an underwritten offering of 3,750,000 shares of common stock, with a possible additional 562,500 shares for underwriters. The net proceeds will be primarily used to repay outstanding debt from its credit facility, with plans to re-borrow for investments and corporate expenses. The offering is backed by Wells Fargo Securities, Morgan Stanley, and other financial institutions. A shelf registration statement is filed with the SEC. Investors are encouraged to read the accompanying prospectus for detailed information.

TriplePoint Venture Growth BDC Corp. (TPVG) reported strong financial results for Q2 2022, achieving a record portfolio fair value of $877 million and net investment income of $0.41 per share.

The company declared a third-quarter distribution of $0.36 per share, payable on September 30, 2022. Key metrics include $803.6 million in signed term sheets, $259.9 million in new debt commitments, and a 14.5% weighted average portfolio yield. The net asset value was $404.3 million, or $13.01 per share, at quarter-end.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) announced an amendment to its revolving credit facility, extending the revolving period to May 31, 2024, and the maturity date to November 30, 2025. The facility currently offers $350 million in total commitments, with an option to increase it to $400 million. CFO Christopher M. Mathieu expressed appreciation for their banking group's support, emphasizing the company's strong position to meet demand for debt financing solutions.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its financial results for the second quarter ended June 30, 2022, after market close on August 3, 2022. A conference call with CEO James P. Labe, President Sajal K. Srivastava, and CFO Christopher M. Mathieu will take place at 5:00 p.m. ET the same day to discuss the results. Investors can dial in or access a live audio webcast via the company's website. A replay will be available until September 3, 2022.

TriplePoint Venture Growth BDC Corp. (TPVG) reported a net investment income of $13.5 million, or $0.44 per share, for Q1 2022, an increase from the previous quarter's $12.9 million or $0.42 per share. The company declared a second quarter distribution of $0.36 per share and achieved a 15.5% annualized portfolio yield. They signed $656.6 million in term sheets and funded $62.7 million in new debt commitments. However, net realized losses of $3.1 million on investments were recorded, with an ending net asset value of $429.5 million as of March 31, 2022.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will announce its Q1 financial results on May 4, 2022, after market close. CEO James P. Labe, along with other executives, will hold a conference call at 5:00 p.m. ET on the same day to discuss the results. Investors can join the call by dialing provided numbers or listening through a live audio webcast on the company's website. A replay of the call will be available until June 4, 2022. TriplePoint focuses on customized debt financing for venture growth-stage companies in technology and high-growth industries.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has received a reaffirmation of its BBB investment grade rating from DBRS, along with a stable trend outlook. This rating highlights TPVG's strong franchise, extensive underwriting experience, and earnings potential. DBRS noted TPVG's robust access to TriplePoint Capital's global lending platform, sound leverage management, and solid debt maturity profile. The reaffirmation supports TPVG's strategy to leverage funding for portfolio growth and maximize shareholder returns.