TriplePoint Venture Growth has renewed its existing $200 million revolving credit facility. Deutsche Bank served as administrative agent and lender. The facility was also extended from February 21, 2016 to February 21, 2018 and the maturity date of the facility from February 21, 2017 to February 21, 2019. The renewal also reduced the applicable margin above the base rates specified in the credit facility during the revolving period from 3.50% to 3.00%.

Deutsche Bank served as administrative agent and as a lender with KeyBank, EverBank and AloStar Bank of Commerce.

“We appreciate the continued support of our lenders. This renewal adds to our financial strength and flexibility and will help us take advantage of the attractive opportunities we are seeing in the venture lending market,” said Harold Zagunis, chief financial officer of TriplePoint. “In addition, the reduced interest rate, combined with the lack of a LIBOR floor provision, will further benefit our shareholders as it reduces our cost of debt capital.”

TriplePoint Venture Growth provides financing to venture growth stage companies backed by a select group of venture capital firms in the technology, life sciences and other high growth industries.