TriplePoint Venture’s 6.75% $25-par five-year notes admitted to NYSE

By Stephanie N. Rotondo

Phoenix, Aug. 7 – TriplePoint Venture Growth BDC Corp.’s $50 million of 6.75% $25-par notes due July 15, 2020 began trading on the New York Stock Exchange on Friday.

The ticker symbol is “TPVZ.” The deal priced July 30.

Keefe Bruyette & Woods Inc. and Deutsche Bank Securities Inc. were the joint bookrunning managers. Co-lead managers were BB&T Capital Markets, Janney Montgomery Scott LLC and Oppenheimer & Co. Inc.

Interest will be payable on the 15th day of January, April, July and October, beginning Oct. 15.

The notes become redeemable on or after July 15, 2017 at par plus accrued interest.

The Menlo Park, Calif.-based business development company will use the proceeds to temporarily repay a portion of outstanding borrowings under a credit facility. The funds may also be used for investments and for general working capital purposes.

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