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.
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