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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) generates frequent news as a financing provider to venture growth stage companies in technology and other high growth industries. As an externally managed business development company, TPVG reports on its investment activity, portfolio performance, credit facility developments and distributions, all of which are reflected in its press releases and current reports.
News coverage for TPVG commonly includes quarterly and annual financial results, where the company details signed term sheets, new debt commitments, funded debt investments, warrant and equity investments, portfolio yields and net investment income. These updates also discuss the number of portfolio companies, credit quality metrics and changes in net assets resulting from operations.
Another key news theme is TPVG’s capital structure and liquidity. The company announces amendments to its revolving credit facility, including changes to the revolving period, maturity, interest rate spreads and advance rates, as well as private offerings of senior unsecured investment grade notes. Such items are typically disclosed through Form 8-K filings and accompanying press releases.
TPVG also issues news about distributions on its common stock, including regular quarterly distributions and supplemental distributions intended to distribute undistributed taxable income. In addition, rating agency actions, such as confirmations of TPVG’s investment grade rating and stable outlook by Morningstar DBRS, are highlighted in dedicated announcements.
Investors following TPVG news can expect a stream of updates on earnings, portfolio activity, credit quality, distributions, credit facility amendments and rating developments. Monitoring this news flow provides insight into how the company is deploying capital, managing risk and supporting venture growth stage companies across technology and other high growth sectors.
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.
TriplePoint Venture Growth BDC Corp. (TPVG) reported a record portfolio fair value of $865 million and net investment income of $12.9 million or $0.42 per share for Q4 2021. The company declared a Q1 2022 distribution of $0.36 per share.
Key highlights include $724.9 million in signed term sheets and $232.3 million in closed debt commitments. The net asset value increased to $434.5 million, or $14.01 per share.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced the successful closing of a private notes offering totaling $125.0 million in 5.00% Notes due February 2027. This marks the company’s third investment-grade notes offering, enhancing its financial flexibility. The notes are unsecured, with a maturity date of February 28, 2027, redeemable at the company's option. Net proceeds will be used to reduce borrowings under a $350.0 million credit facility and for general corporate purposes. The offering was solely placed by Goldman Sachs & Co. LLC.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will announce its fourth quarter and fiscal year financial results for the period ending
TriplePoint Venture Growth BDC Corp. (TPVG) announced the appointment of Katherine Park and Kimberley Vogel to its board of directors, effective December 17, 2021. This expansion brings the board to 8 members, with 6 being independent. The CEO, Jim Labe, expressed enthusiasm about the new members joining at a time of strong demand for venture growth stage company financing. Both appointees have extensive backgrounds in finance and investment management, aiming to enhance the company's strategic direction and capitalize on the robust venture capital market.
TriplePoint Venture Growth BDC Corp. (TPVG) reported a record portfolio fair value of $767 million and a quarterly net asset value (NAV) per share increase of $0.89 to $13.92 for Q3 2021. The company declared a $0.36 per share distribution for Q4 2021, payable on December 15, 2021. Highlights include a net investment income of $9.9 million or $0.32 per share, a net increase in net assets of $38.9 million, and a leverage ratio of 0.82x. The company also achieved a 12.3% weighted average yield on total debt investments.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its financial results for Q3 2021 on November 3, 2021, after market close. A conference call with CEO James P. Labe and other executives is scheduled for the same day at 5:00 PM ET to discuss the results. Interested parties can listen by calling designated numbers or via a live audio webcast available on their website. The company focuses on providing specialized debt financing to high-growth venture-backed firms, contributing significantly to the technology and life sciences sectors.
TriplePoint Venture Growth BDC Corp. (TPVG) announced its Q2 2021 financial results and declared a distribution of $0.36 per share for Q3 2021. Key highlights include:
- Net investment income of $9.4 million ($0.30 per share) and total income of $20.3 million.
- Increased net assets to $403.1 million ($13.03 per share) and a leverage ratio of 0.67x.
- Signed $250.8 million in term sheets with venture growth companies.
- Portfolio companies raised over $600 million.
TPVG remains positioned to benefit from strong market demand.
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