BlackRock TCP Capital Amends Credit Facility for Acquisition

An update from BlackRock TCP Capital ( (TCPC) ) is now available.

On May 16, 2025, BCIC Merger Sub, LLC, a wholly owned subsidiary of BlackRock TCP Capital Corp., entered into a Ninth Amendment with Citibank, N.A. and other lenders to modify its Revolving Credit Facility. This amendment facilitates BlackRock Inc.’s potential acquisition of HPS Group Adviser Holdings L.P. and HPS Partners Investment Holdings LLC, potentially impacting the company’s strategic positioning and market operations.

The most recent analyst rating on (TCPC) stock is a Sell with a $8.00 price target. To see the full list of analyst forecasts on BlackRock TCP Capital stock, see the TCPC Stock Forecast page.

Spark’s Take on TCPC Stock

According to Spark, TipRanks’ AI Analyst, TCPC is a Neutral.

BlackRock TCP Capital’s overall stock score of 58 reflects a mixed outlook. The company’s solid financial performance and robust cash flow are positive factors, while technical analysis indicates bearish momentum. The valuation is challenging with a negative P/E ratio, though the high dividend yield is attractive. Earnings call insights reveal operational challenges, offset by management’s shareholder-friendly actions.

To see Spark’s full report on TCPC stock, click here.

More about BlackRock TCP Capital

Average Trading Volume: 750,705

Technical Sentiment Signal: Sell

Current Market Cap: $659M

Learn more about TCPC stock on TipRanks’ Stock Analysis page.