Rising short-term rates will likely provide an earnings boost to business development companies (BDCs) in the near term as LIBOR rates approach loan-specific floors, says Fitch Ratings. BDCs are generally interest rate sensitive asmost investment...
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December 15, 2016, 07:46 AM
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TCP Capital Corp., a business development company, announced that it has amended its $116 million revolving credit facility with Wells Fargo Securities, LLC, as administrative agent and arranger, to extend the maturity date from July 31, 2014 to July...
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September 20, 2013, 07:29 AM
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TCP Capital Corp., a business development company, announced that, through its indirect, wholly-owned subsidiary, TCPC Funding I, LLC, it has secured a new $50 million revolving credit facility from Deutsche Bank AG. The credit facility, which...
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May 17, 2013, 07:40 AM
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