BlackRock TCP Capital Corp. Issues Notice of Redemption of All of Its Outstanding 4.125% Notes Due 2022

Aug 18, 2021

BlackRock TCP Capital Corp. (NASDAQ: TCPC) (“TCPC” or the “Company”) announced today that it has issued a notice of redemption for all of the $175,000,000 in aggregate principal amount of its issued and outstanding 4.125% notes due 2022 (the “2022 Notes”). As set forth in the notice of redemption issued today pursuant to the terms of the indenture governing the 2022 Notes, the redemption date will be September 17, 2021 and the redemption price will equal the greater of (i) 100% of the principal amount of the 2022 Notes to be redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of accrued and unpaid interest to the Redemption Date) on the 2022 Notes to be redeemed, discounted to the redemption rate on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using the applicable Treasury Rate plus 40 basis points plus, in each case, accrued and unpaid interest to the redemption date.

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