Current Report Filing (8-k)
August 28 2019 - 4:56PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 27, 2019
TriplePoint Venture Growth BDC Corp.
(Exact name of registrant as specified in its charter)
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Maryland
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814-01044
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46-3082016
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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TriplePoint Venture Growth BDC Corp.
2755 Sand Hill Road, Suite 150
Menlo Park, California
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94025
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(Address of principal executive offices)
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(Zip Code)
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(650) 854-2090
(Registrants telephone number, including area code)
n/a
(Former name or
former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Exchange Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common Stock, par value $0.01 per share
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TPVG
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New York Stock Exchange
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5.75% Notes due 2022
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TPVY
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the
Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☒
Item 1.01
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Entry into a Material Definitive Agreement.
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On August 27, 2019, TriplePoint Venture Growth BDC Corp. (the Company) amended its Receivables Financing Agreement, dated as
of February 21, 2014, as amended (the Credit Facility), by executing a letter agreement, dated August 27, 2019 (the Amendment), by and among the Company, individually and as collateral manager and as sole
equityholder of the borrower, TPVG Variable Funding Company LLC, as borrower, the agents party thereto, the lenders party thereto, and Deutsche Bank AG, New York Branch, as facility agent. The Amendment, among other things, (i) increases the
capacity of the Credit Facility from $265 million to $300 million and (ii) adds two new lenders, Hitachi Capital America Corporation and NBH Bank. The $35 million increase in the capacity of the Credit Facility was made under the
accordion feature in the Credit Facility, which allows the Company, under certain circumstances, to increase the size of the Credit Facility to an amount not to exceed $400 million.
The Credit Facility includes customary representations and warranties and requires the Company to comply with various covenants, reporting
requirements and other customary requirements for similar credit facilities. Borrowings under the Credit Facility are subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended, provided that the Companys
asset coverage ratio under the Credit Facility shall not be less than 150%.
A copy of the Amendment is attached hereto as Exhibit 10.1.
The foregoing description is qualified in its entirety by reference to the full text of the Amendment, which is incorporated herein by reference.
Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of Registrant.
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The information
contained in Item 1.01 of this current report on Form 8-K is incorporated by reference in this Item 2.03.
Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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TriplePoint Venture Growth BDC Corp.
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By:
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/s/ James P. Labe
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Name: James P. Labe
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Title: Chief Executive Officer
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Date: August 28, 2019
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