TriplePoint Venture Growth BDC Corp. expanded its revolving credit facility. The expansion increases the capacity of the Credit Facility from $325 million to $350 million and adds a new lender, First Foundation Bank. The $25 million increase was made under the accordion feature in the Credit Facility, which allows the Company, under certain circumstances, to increase the size of the Credit Facility to up to $400 million.

“We are pleased to announce another expansion of our revolving credit facility,” said Christopher M. Mathieu, Chief Financial Officer of TPVG. “We appreciate the continued support and partnership with our leading and expanded banking group.”

Borrowings under the Credit Facility are subject to various covenants including the leverage restrictions contained in the Investment Company Act of 1940, as amended, provided that the Company’s asset coverage ratio under the Credit Facility shall not be less than 150%.