BlackRock TCP Capital Showcases Strong Portfolio Management
Company Announcements

BlackRock TCP Capital Showcases Strong Portfolio Management

BlackRock TCP Capital (TCPC) just unveiled an announcement.

The Company successfully managed its financial portfolio by issuing $250 million of 2024 Notes and repaying them fully upon maturity. Following the repayment, the Company’s leverage strategy includes a variety of debt facilities and notes maturing between 2025 and 2029. Additionally, changes in legislation reduced the asset coverage requirement for business development companies, allowing a higher ratio of indebtedness to equity. The Company’s asset coverage ratio stood at a healthy 180.2% after repaying the 2024 Notes, showcasing strong financial health and compliance with regulatory requirements.

For an in-depth examination of TCPC stock, go to TipRanks’ Stock Analysis page.

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