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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Nov. 22, 7:41 PM

Slide #6. TCP Capital Corp. Secondary Offering

Company: TCP Capital Corp. (NASDAQ:TCPC)
Date announced: 11/20/2014
Shares Offered: 5,900,000
Date of Pricing: 11/21/2014
Price Per Share: $17.05
Secondary Offering Details: TCP Capital Corp. (NASDAQ: TCPC) (the "Company") today announced that it has commenced a public offering of 5.9 million shares of its common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 885,000 shares of common stock. The offering of the shares will be made under the Company's shelf registration statement, which was filed with, and declared effective by, the Securities and Exchange Commission.- updated 11/21 TCP Capital Corp. (NASDAQ: TCPC) (the "Company") today announced that it has priced the public offering of 5.9 million shares of its common stock at $17.05 per share for total gross proceeds of approximately $100.6 million. The Company has granted the underwriters an option for 30 days to purchase up to an additional 885,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on or about November 26, 2014. The offering of the shares will be made under the Company's shelf registration statement, which was filed with, and declared effective by, the Securities and Exchange Commission.

TCP Capital is an externally managed, closed-end, non-diversified management investment company. Co.'s investments include: leveraged loans, which are generally senior debt instruments that rank ahead of subordinated debt of the portfolio company; high-yield securities, which are generally unsecured and may be subordinate to other obligations of the obligor, and include mezzanine investments; warrants, options and minority equity; distressed debt; and opportunistic investments, which may include investments in debt securities and equity securities of public companies that are thinly traded, and emerging market debt. At Dec 31 2013, Co.'s investment portfolio was $766.3 million.
Open the TCPC Page at The Online Investor »

Company Name:  TCP Capital Corp
Website:  www.tcpcapital.com
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding TCPC:  3
Total Market Value Held by ETFs:  $4.54M
Total Market Capitalization:  $731.00M
% of Market Cap. Held by ETFs:  0.62%
 

Open the TCPC Page at The Online Investor (in a new window) »

November 22, 2014    7:41 PM Eastern
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Buy (3.00 out of 4)
46th percentile
(ranked lower than approx. 54% of all stocks covered)
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