MENLO PARK, Calif.--(BUSINESS WIRE)--
Filed pursuant to Rule 497(a)
Registration File No.
333-191871
Rule 482 AD
TriplePoint Venture Growth BDC Corp. (the “Company”) (NYSE:TPVG) today
announced that it has priced its initial public offering of 8,333,333
shares of common stock at $15.00 per share for total gross proceeds of
approximately $125.0 million. In addition, the Company has granted the
underwriters a 30-day option to purchase up to 1,250,000 additional
shares of its common stock. Immediately prior to pricing of the
offering, the Company acquired its initial portfolio of assets for
approximately $121.7 million in cash. The Company intends to use all of
the net proceeds from the offering and a concurrent private placement
together with borrowings under the Company’s credit facility to pay the
outstanding balance on the bridge loan it incurred in order to acquire
its initial portfolio. The Company’s shares are expected to begin
trading on the New York Stock Exchange on March 6, 2014, under the
symbol “TPVG.” The closing of the offering is subject to customary
closing conditions, and the shares are expected to be delivered on or
about March 11, 2014.
Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Goldman, Sachs &
Co., Credit Suisse Securities (USA) LLC and UBS Securities LLC are
acting as joint book-running managers for the offering.
Investors are advised to carefully consider the investment objective,
risks and charges and expenses of the Company before investing. The
preliminary prospectus dated February 24, 2014 contains this and other
information about the Company and should be read carefully before
investing.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities referred to in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction. A registration statement relating to
these securities has been filed and, on March 5, 2014, was declared
effective by the Securities and Exchange Commission.
The offering is being made only by means of a final written
prospectus forming part of the effective registration statement. A
copy of the final prospectus relating to the final offering may be
obtained, when available, by contacting: Morgan Stanley & Co. LLC, Attn:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014,
or by calling (866) 718-1649, or by email: prospectus@morganstanley.com;
Wells Fargo Securities, LLC, Attention: Equity Syndicate at 375 Park
Avenue, New York, NY 10152-4077, or by calling (800) 326-5897, or by
email: cmclientsupport@wellsfargo.com;
Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New
York, NY 10282, or by calling (866) 471-2526, sending a request via
facsimile at (212) 902-9316, or by email: prospectus-ny@ny.email.gs.com;
Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One
Madison Avenue, New York, NY 10010, or by calling (800) 221-1037, or by
email: newyork.prospectus@credit-suisse.com;
or UBS Securities LLC, Attn: Prospectus Department, 299 Park Avenue, New
York, NY 10171, or by calling (888) 827-7275.
About TriplePoint Venture Growth BDC Corp.
TriplePoint Venture Growth BDC Corp. (the “Company”) 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 ("TriplePoint Capital"). 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.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements,"
which relate to future events or the Company's future performance or
financial condition, including statements with regard to the Company's
anticipated use of the net proceeds of the offering. These statements
are not guarantees of future performance and are subject to risks,
uncertainties, and other factors, some of which are beyond the Company's
control and difficult to predict and could cause actual results to
differ materially from those expressed or forecasted in the
forward-looking statements, including those described from time to time
in the Company's filings with the Securities and Exchange Commission,
including the final prospectus that will be filed with the Securities
and Exchange Commission. The Company undertakes no duty to update any
forward-looking statements made herein, unless required to do so by law.
All forward-looking statements speak only as of the time of this press
release.
Source: TriplePoint Venture Growth BDC Corp.