Investor Presentaiton
Overview of Leverage
Facility Size:
$210 million
Lenders:
Rate:
Structure:
Advance Rate:
SUMMARY OF REVOLVING CREDIT FACILITY
(upsized from $200 million in January 2018)
Deutsche Bank AG (Syndication Agent), KeyBank, TIAA Bank and Union Bank
(updated in conjunction with facility renewal in January 2018)
1-Month LIBOR or Lender Cost of Funds + 2.8% - 3.0% (depending on credit facility utilization) during revolving period
Revolving period ending February 2020 with 18 month amortization period
(extended in conjunction with facility renewal in January 2018)
55% of eligible loan balances
(subject to minimum 3:2 Asset Coverage ratio and other conditions)
SUMMARY OF PUBLIC NOTES (BABY BONDS)
Size:
$74.8 million
Ticker:
TPVY (NYSE)
Rate:
Structure:
Issued:
Note:
5.75% - Fixed rate - payable quarterly
Five year term with a two year non-call provision
July 14, 2017
Portion of the proceeds were used to redeem the 6.75% Notes TPVZ (NYSE) in full on August 13, 2017
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