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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. (NYSE: TPVG) will release its financial results for the second quarter on August 4, 2021, post-market. The conference call, hosted by CEO James P. Labe and other executives, is scheduled for 5:00 PM ET. Investors can join by calling (844) 826-3038 domestically or +1 (412)-317-5184 internationally. A replay will be available until September 3, 2021. TriplePoint specializes in customized debt financing and equity investments in growth-stage companies across various high-growth sectors.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) reported its Q1 2021 financial results, showcasing a net investment income of $8.9 million ($0.29 per share) and a net increase in net assets of $11.9 million ($0.38 per share). The company declared a second quarter distribution of $0.36 per share, payable on June 30, 2021. TPVG secured $192.2 million in term sheets and closed $90.4 million in new debt commitments. The portfolio exhibited a 13.3% yield on total debt investments and a net asset value of $401.8 million ($13.00 per share) as of March 31, 2021. Liquidity stands at $466.1 million.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its Q1 2021 financial results on May 5, 2021, after market close. The announcement includes a conference call at 5:00 p.m. ET, hosted by CEO James P. Labe and other executives to discuss results. Investors can join by phone or via a live audio webcast, which will be archived on the Company's website for 30 days. TriplePoint is a premier financing provider for venture growth companies in tech and life sciences, focusing on customized debt financing and equity investments.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) reported strong financial results for Q4 2020, with net investment income of $11.9 million ($0.39 per share) and a fiscal year total of $47.9 million ($1.57 per share). The company realized $4.2 million in gains from equity sales and declared a special dividend of $0.10 per share. Total debt investments increased significantly, with a portfolio yield of 15.2% for Q4. As of December 31, 2020, net asset value stood at $400.4 million ($12.97 per share). Looking ahead, TPVG aims to leverage its liquidity to drive growth amid strong market demand.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has successfully closed a private notes offering of $200 million in aggregate principal amount of 4.50% Notes due March 2026. This achievement highlights the company's progress in building a diversified balance sheet, as stated by President Sajal Srivastava. The proceeds will be used to redeem existing 5.75% fixed-rate notes and to repay a portion of its revolving credit facility. The offering aims to lower capital costs and enhance liquidity.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will announce its financial results for Q4 and fiscal year 2020 after market close on March 3, 2021. The company's leadership, including CEO James P. Labe, will host a conference call at 5:00 p.m. ET to discuss these results. Investors can listen to the call via phone or through a live audio webcast on the company's website, with a replay available for 30 days post-call. The company aims to maximize returns through lending to venture growth stage companies backed by select venture capital firms.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has announced an expansion of its revolving credit facility, increasing capacity from $325 million to $350 million. This includes the addition of First Foundation Bank as a new lender. The increase leverages the accordion feature, allowing total capacity to reach up to $400 million if certain conditions are met. Borrowings will adhere to covenants under the Investment Company Act of 1940, maintaining a minimum asset coverage ratio of 150%. This expansion reflects TPVG's commitment to supporting venture growth stage companies.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has declared a special distribution of $0.10 per share, payable on January 13, 2021. This distribution is part of the estimated net capital gain income from fiscal year 2020 and is available in cash or shares via the dividend reinvestment plan. For 2020, total declared distributions reached $1.54 per share, totaling $10.06 per share since its IPO. The Company aims to maximize returns through its venture debt portfolio and warrant investments, with a reported undistributed taxable earnings of $10.0 million as of September 30, 2020.
TriplePoint Venture Growth BDC Corp. (TPVG) has announced an extension and expansion of its revolving credit facility, increasing its capacity from $300 million to $325 million. This amended facility, supported by a group of lenders including Deutsche Bank, extends the revolving period to November 30, 2022, and the maturity date to May 31, 2024. The credit facility can further increase to $400 million under specific conditions. CFO Christopher Mathieu stated this move strengthens liquidity and growth prospects for the company.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced its Q3 2020 financial results, reporting a net investment income of $12.2 million or $0.40 per share, up from $7.1 million in Q3 2019. The company declared a fourth-quarter distribution of $0.36 per share, payable on December 14, 2020. Total investment income reached $23.1 million, with a weighted average annualized portfolio yield of 14.1%. Notably, TPVG closed $86.8 million in new debt commitments, marking a fivefold increase from the previous quarter. As of September 30, 2020, net assets totaled $409.4 million, or $13.28 per share.
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