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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Mar. 31, 11:06 PM

Slide #13. TriplePoint Venture Growth BDC Corp. Secondary Offering

Company: TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)
Date announced: 3/26/2015
Shares Offered: 6,500,000
Date of Pricing: 3/27/2015
Price Per Share: $14.55
Secondary Offering Details: TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company" or "TPVG") today announced that it is commencing a public offering of 6,500,000 shares of its common stock. TPVG also plans to grant the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock. - updated 3/27 - TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company") today announced that it has priced its follow-on offering of 6,500,000 shares of common stock resulting in net proceeds exclusive of offering expenses to the Company of approximately $94.6 million, or $14.55 per share. The Company's investment adviser has agreed to bear all of the gross underwriting spread and to pay to the underwriters an additional supplemental payment of approximately $0.11 per share, which reflects the difference between the public offering price and the proceeds per share received by the Company in this offering. In addition, the Company has granted the underwriters a 30-day option to purchase up to 975,000 additional shares of its common stock. The Company intends to use the net proceeds from the offering to temporarily repay a portion of the outstanding borrowings under the credit facility and, through re-borrowings under the credit facility, make new investments in accordance with its investment objective and strategies and for general working capital purposes. The closing of the offering is subject to customary closing conditions, and the shares are expected to be delivered on or about April 1, 2015.

TriplePoint Venture Growth BDC is an externally managed, non-diversified closed-end management investment company. Co.'s investment objective is to maximize their total return to stockholders primarily in the form of 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 which are backed by Co.'s Sponsor's select group of venture capital investors.
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Company Name:  TriplePoint Venture Growth BDC Corp
Sector:  Investment Brokerages

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March 31, 2015    11:06 PM Eastern
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