BlackRock TCP Capital extended its SVCP credit facility by two years to May 6, 2026. Other amendments to the facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%, subject to certain borrowing base conditions. ING Capital is leading the facility, which includes a total of seven bank participants.
“We are pleased to announce this extension of our SVCP credit facility, which further enhances our flexible and diverse leverage program,” Erik Cuellar, CFO at BlackRock TCP Capital, said. “We truly value our long-term relationships with our bank lending partners and their support and confidence in our company.”
BlackRock TCP Capital is a specialty finance company focused on direct lending to middle-market companies as well as small businesses.