Investor Presentaiton
Diversified Sources of Funding
As of March 31, 2023, $ in millions
Source
Operating Facility
Funding Facility II
SBA Debentures
2024 Notes
2026 Notes
Total leverage
Cash
Net settlements
Unamortized debt issuance costs
Net
TCPC is investment grade rated by Fitch and Moody's
Capacity
$ 300.0 (1)
Drawn Amount
Available
Pricing
Maturity
$ 202.0
$
98.0
L+ 1.75% (2)
May-26
200.0 (3)
100.0
100.0
S + 2.00% (4)
160.0
150.0
10.0
2.52% (5)
Aug-25
2024-2031
249.1 (6)
249.1
3.900%
Aug-24
326.1
(7)
326.1
2.850%
Feb-26
$ 1,235.2
$ 1,027.2
$ 208.0
4.19% (8)
98.8
(4.6)
$ 1,022.6
$ 306.8
(1) Operating Facility has a $100.0 million accordion which allows for expansion of the facility to up to $400.0 million subject to consent from the lender and other customary conditions.
(2) As of March 31, 2023, $8.0 million of the outstanding amount bore interest at a rate of EURIBOR + 2.00% and $2.0 million of the outstanding amount bore interest at a rate of Prime +
1.00%.
(3) Funding Facility Il has a $50.0 million accordion which allows for expansion of the facility to up to $250.0 million subject to consent from the lender and other customary conditions.
(4) Subject to certain funding requirements and a SOFR credit adjustment of 0.15%.
(5) Weighted average interest rate, excluding fees of 0.35% or 0.36%.
(6) $250 million par. Carrying value shown.
(7)
$325 million par. Carrying value shown.
(8)
Combined weighted-average interest rate on amounts outstanding as of March 31, 2023.
BLACKROCK
15
TCP
CAPITAL
CORP.View entire presentation