Deutsche Bank served as administrative agent on the expansion of TriplePoint Venture Growth’s revolving credit facility to $325 million. Existing lenders include KeyBank, TIAA, FSB, MUFG, Hitachi Capital and NBH Bank. Customers Bank joined as a new lender.
TriplePoint Venture Growth is a financing provider to venture growth stage companies.
The amended credit facility increases the capacity of the facility from $300 million to $325 million, extends the revolving period to Nov. 30, 2022, and extends the scheduled maturity date to May 31, 2024. 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 have increased and extended our revolving credit facility and appreciate the continued support of our leading and expanded banking group,” Christopher Mathieu, CFO of TPVG, said. “This amended facility further strengthens our liquidity position and prospects for growing the portfolio as we end the year and enter into 2021.”