TriplePoint ups its revolving credit facility, extends maturity

By Cady Vishniac

Detroit, Dec. 14 – TriplePoint Venture Growth BDC Corp. has amended its revolving credit facility with an increase to $325 million from $300 million, extended its revolving period through Nov. 30, 2022 and extended the maturity date on the facility through May 31, 2024, according to a company press release.

The $25 million increase was made under the accordion, which allows increases of the facility up to $400 million.

Deutsche Bank AG is the administrative agent and a lender on the facility. KeyBank NA, TIAA, FSB, MUFG Union Bank, NA, Hitachi Capital America Corp. and NBH Bank are previously existing lenders, and Customers Bank is a new lender.

TriplePoint is an externally managed, closed-end, non-diversified management investment company based in Menlo Park, Calif.

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