TriplePoint Venture Growth (TPVG), a financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, on Nov. 25, 2025, it entered into an amendment to its revolving credit facility that, among other things, extends the revolving period to Nov. 30, 2027 and the scheduled maturity date to May 30, 2029, and provides improved terms, including, but not limited to, a reduced spread on borrowings and higher advance rates on assets pledged to the borrowing base. The company currently has $300 million in total commitments available under the credit facility, which includes an accordion feature that allows the company to increase the size of the credit facility to up to $400 million under certain circumstances.
Borrowings under the credit facility are subject to various covenants including the leverage restrictions contained in the Investment Company Act of 1940. Deutsche Bank AG (New York branch) serves as facility agent and as a lender, together with KeyBank, MUFG Bank, Customers Bank, Axos Bank and EverBank, under the credit facility.
“We are pleased to amend our revolving credit agreement under favorable terms, which include improved pricing and an extended scheduled maturity to 2029,” Mike Wilhelms, chief financial officer of TPVG, said. “Reflecting the continued confidence our banking partners have in TPVG’s long-term strategy, the amended credit facility enhances our financial flexibility during a time when we are seeing strong demand from high-quality venture growth stage companies across AI, software and other attractive sectors.”
