TriplePoint Venture Growth BDC (TPVG) Announces 3.75M Share Offering

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Go back to TriplePoint Venture Growth BDC (TPVG) Announces 3.75M Share Offering

TriplePoint Venture Growth BDC Corp. Announces Public Offering of Common Stock

August 4, 2022 4:30 PM EDT

MENLO PARK, Calif.--(BUSINESS WIRE)-- TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the Company) today announced that it has commenced an underwritten offering of 3,750,000 shares of its common stock. In connection with the proposed offering, the Company intends to grant the underwriters for the offering an option to purchase up to an additional 562,500 shares of the Companys common stock.

The Company expects to initially use all of the net proceeds from this offering to repay outstanding debt borrowed under its credit facility. However, through re-borrowing of the initial repayments under the... More