Deutsche Bank, Raymond James, Keefe, Bruyette and RBC Capital assist
By Devika Patel
Knoxville, Tenn., Sept. 26 - TCP Capital Corp. said it priced a $59.89 million public sale of stock with a 15% greenshoe.
The company will sell 3.8 million common shares at $15.76 per share. The price per share reflects a 3.02% discount to the Sept. 25 closing share price of $16.25.
Deutsche Bank Securities Inc., Raymond James, Keefe, Bruyette & Woods, Inc. and RBC Capital Markets, LLC are the joint bookrunning managers.
Settlement is expected Oct. 1.
Proceeds will be used to repay debt under the company's revolving credit facilities.
Santa Monica, Calif.-based TCP is an externally managed specialty finance company.
| Issuer: | TCP Capital Corp.
|
| Issue: | Common stock
|
| Amount: | $59,888,000
|
| Greenshoe: | 15%
|
| Shares: | 3.8 million
|
| Price: | $15.76
|
| Warrants: | No
|
| Bookrunners: | Deutsche Bank Securities Inc., Raymond James, Keefe, Bruyette & Woods, Inc. and RBC Capital Markets, LLC
|
| Pricing date: | Sept. 26
|
| Settlement date: | Oct. 1
|
| Stock symbol: | Nasdaq: TCPC
|
| Stock price: | $16.25 at close Sept. 25
|
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