BlackRock Capital Investment Corporation (NASDAQ:BKCC) Files An 8-K Other Events

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BlackRock Capital Investment Corporation (NASDAQ:BKCC) Files An 8-K Other Events
Item 8.01 Other Events.

On March 15, 2017, BlackRock Capital Investment Corporation (the “Company”) issued notices to the holders of its 6.60% Senior Secured Notes, Series B, due January 18, 2018 (the “Notes”) regarding the Company’s exercise of its option to prepay all of the issued and outstanding Notes, to Section 8.2 of that certain Note Purchase Agreement, dated January 18, 2011, by and between the Company and each of the purchasers listed in Schedule A thereto. The Company will prepay all $17,000,000 in aggregate principal amount of the Notes on April 17, 2017 (the “Prepayment Date”). The Notes will be prepaid at 50% of the principal amount, plus the accrued and unpaid interest thereon from January 18, 2017, through, but excluding, the Prepayment Date, plus a make-whole amount determined for the Prepayment Date.


About BlackRock Capital Investment Corporation (NASDAQ:BKCC)

BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital Corporation, is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. The Company provides middle-market companies with a range of financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Company invests in middle-market companies with annual revenues typically between $50 million and $1 billion and targets investments throughout the capital structure. Its targeted investment typically ranges between $10 million and $50 million. The Company generally seeks to invest in companies that operate in a range of industries and that generate positive cash flows. The Company’s investment advisor is BlackRock Advisors, LLC.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) Recent Trading Information

BlackRock Capital Investment Corporation (NASDAQ:BKCC) closed its last trading session up +0.03 at 7.59 with 386,172 shares trading hands.