MENLO PARK, Calif.--(BUSINESS WIRE)--
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the “Company” or
“TPVG”), the leading financing provider to venture growth stage
companies backed by a select group of venture capital firms in the
technology, life sciences and other high growth industries, today
announced it has increased total commitments to its existing credit
facility by $50 million to $200 million in aggregate.
“The addition of $50 million in new commitments to our revolving credit
facility from existing lenders, five months after the facility’s
initiation, demonstrates strong support for the TriplePoint platform
within the banking community,” said Harold Zagunis, chief financial
officer of TPVG. “We are pleased by the confidence our lenders have
placed in our future growth.”
“We are proud of our more than 8-year relationship with TPVG’s sponsor,
TriplePoint Capital,” said Michael Cheng, Director at Deutsche Bank
Securities Inc. “We look forward to our continued role in TPVG’s
success, as an advisor, agent and lead lender to its credit facility.”
About TriplePoint Venture Growth BDC Corp.
TriplePoint Venture Growth BDC Corp. (the “Company”) (NYSE:TPVG) is an
externally managed, closed-end, non-diversified management investment
company that has elected to be regulated as a business development
company under the Investment Company Act of 1940, as amended. It was
formed to expand the venture growth stage business segment of its
sponsor, TriplePoint Capital LLC. The Company’s investment objective is
to maximize its total return to stockholders primarily in the form of
current income and, to a lesser extent, capital appreciation by
primarily lending with warrants to venture growth stage companies
focused in technology, life sciences and other high growth industries
backed by a select group of leading venture capital investors. More
information is available at http://www.tpvg.com.
Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and such statements are intended to be
covered by the safe harbor provided by the same. Forward-looking
statements are subject to substantial risks and uncertainties, many of
which are difficult to predict and are generally beyond the Company's
control. Words such as "anticipates," "expects," "intends," "plans,"
"will," "may," "continue," "believes," "seeks," "estimates," "would,"
"could," "should," "targets," "projects," and variations of these words
and similar expressions are intended to identify forward-looking
statements. For a further list and description of such risks and
uncertainties, see the Company's final prospectus filed with the
Securities and Exchange Commission on March 7, 2014, and other reports
filed by the Company with the Securities and Exchange Commission. The
forward-looking statements, and other risks, uncertainties and factors
are based on the Company's beliefs, assumptions and expectations of its
future performance, taking into account all information currently
available to the Company. Forward-looking statements are not predictions
of future events. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.
Source: TriplePoint Venture Growth BDC Corp.