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ING Capital Leads Extension of BlackRock TCP Capital Credit Facility

April 29, 2020, 08:00 AM
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BlackRock TCP Capital Corp. announced the extension of its SVCP Credit Facility (the “Facility”) by one year to May 6, 2024. The Facility is led by ING Capital LLC and includes a total of 7 bank participants. The size of the Facility remains $270 million, and the pricing and advance rates were unchanged.

“We are pleased to announce this extension of our SVCP Credit Facility, which further enhances our flexible and diverse leverage program that includes two low-cost credit facilities, one convertible note issuance, two unsecured note issuances and an SBA program,” said BlackRock TCP Capital Corp. Chairman and CEO, Howard Levkowitz. “We truly value our long-term relationships with our bank lending partners, particularly in the current environment.”

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