Market Overview

TCP Capital Prices 3.8M Share Offering at $15.76/Sahre

TCP Capital Corp. (NASDAQ: TCPC) (the “Company”) today announced that it
has priced the public offering of 3.8 million shares of its common stock
at $15.76 per share for total gross proceeds of approximately $59.9
million. The Company has granted the underwriters an option for 30 days
to purchase up to an additional 15% of the shares of common stock sold.
The offering is subject to customary closing conditions and is expected
to close on or about October 1, 2013. The offering of the shares will be
made under the Company's shelf registration statement, which was filed
with, and declared effective by, the Securities and Exchange Commission.

TCPC intends to use the net proceeds of this offering to repay amounts
outstanding

See full press release

Posted-In: News Guidance Contracts Management Global

 

Related Articles (TCPC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters