Current Report Filing (8-k)
February 01 2021 - 8:34AM
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): January 29, 2021
TriplePoint
Venture Growth BDC Corp.
(Exact
name of registrant as specified in its charter)
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
(Registrant’s
telephone number, including area code)
n/a
(Former
name or former address, if changed since last report)
Securities
registered pursuant to Section 12(b) of the Exchange Act:
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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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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☐
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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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☐
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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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Indicate
by check mark whether the registrant is an emerging growth company 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 Entry into a Material Definitive Agreement.
On
January 29, 2021, TriplePoint Venture Growth BDC Corp. (the “Company”)
amended its Receivables Financing Agreement, dated as of February 21, 2014 (as amended or otherwise modified from time to
time, the “Credit Facility”), by executing a letter agreement, dated January
29, 2021 (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 and syndication agent.
The
Amendment increases the capacity of the Credit Facility to $350 million from $325 million and adds a new lender, First
Foundation Bank. The $25 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 Company’s 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 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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
7.01 Regulation FD Disclosure.
The
Company issued a press release on January 29, 2021 to announce the signing of the Amendment. A copy of the press release is furnished
as Exhibit 99.1 to this Current Report on Form 8-K.
The
information furnished in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and
is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item
9.01 Financial Statements and Exhibits.
(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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Names:
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James
P. Labe
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Title:
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Chief
Executive Officer
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Date:
February 1, 2021
2
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