TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Files An 8-K Regulation FD DisclosureItem 7.01
On December6, 2017, TriplePoint Venture Growth BDC Corp. (the “Company”) posted an investor presentation (the “Presentation”) on the investor relations portion of its website, www.tpvg.com. The Company may use the Presentation from time to time in conversations with analysts and others, including at the Wells Fargo Thought Leadership Forum on December6, 2017.
The Presentation includes certain of the Company’s recent developments during the fourth quarter of 2017 (as of December5, 2017) including:
| • | Raising approximately $22million in a private placement from investment funds managed by the Alternative Investments& Manager Selection Group of Goldman Sachs Asset Management, L.P. who purchased 1.6million shares at $13.54 per share; |
| • | Signing $55million of term sheets; |
| • | Closing $65million of new debt commitments to four venture growth stage companies; |
| • | Funding $76million in new debt and equity investments to nine portfolio companies; and |
| • | Having achieved the lower end of its target leverage ratio (0.6x). |
The information contained in the Presentation is summary information that is intended to be considered in the context of the Company’s Securities and Exchange Commission (“SEC”) filings and other public announcements that it may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in this report, although it may do so from time to time as its management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure.
The information set forth herein is furnished to Item 7.01—Regulation FD Disclosure, and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section nor shall the information be deemed incorporated by reference in any filing of the Company.
About TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)
TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current 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 TriplePoint Capital LLC’s (TPC) select group of venture capital investors. The Company targets investment opportunities in venture growth stage companies backed by venture capital investors. The Company originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The Company is managed by TPVG Advisers LLC.