TriplePoint Venture Growth renews credit facility, reduces pricing

By Tali Rackner

Norfolk, Va., Jan. 28 – TriplePoint Venture Growth BDC Corp. said it renewed its existing $200 million revolving credit facility, according to a Thursday press release.

The revolving period of the credit facility was extended to Feb. 21, 2018 from Feb. 21, 2016, and the maturity date to Feb. 21, 2019 from Feb. 21, 2017.

The company also reduced the applicable margin above the base rates during the revolving period to 300 basis points from 350 bps.

Deutsche Bank AG, New York Branch serves as administrative agent.

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

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