TriplePoint Venture Growth BDC (TPVG) said late Wednesday it has entered into a note purchase agreement for the issuance of $50 million of senior unsecured investment grade notes due February 2028.
The notes will bear an interest rate of 8.11% per year, payable semiannually, and are expected to be delivered on Feb. 12.
The company said it plans to use the net proceeds along with cash on hand to prepay unsecured notes due in March 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.