TriplePoint Venture Growth Enhances Credit Facility Terms
Company Announcements

TriplePoint Venture Growth Enhances Credit Facility Terms

TriplePoint Venture Growth (TPVG) just unveiled an update.

TriplePoint Venture Growth BDC Corp. has updated its Credit Facility, enhancing terms to extend the revolving period and maturity date, adjust interest rates and advance rates, and revise default provisions. The credit limit is now $300 million with a tiered interest rate based on utilization levels and a minimum asset coverage ratio, as per the Investment Company Act. This strategic financial maneuver aims to optimize the company’s borrowing capacity and flexibility for future ventures.

See more insights into TPVG stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyTriplePoint upgraded to Market Perform from Underperform at Keefe Bruyette
TipRanks Auto-Generated NewsdeskTriplePoint Venture Growth Reports Strong Q3 2024 Results
TipRanks Auto-Generated NewsdeskTriplePoint Venture Growth Reports Strong Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App