TCP Capital Corp. (TCPC) said Monday that it has commenced a public offering of 4.0 million shares of its common stock.
The Company expects to grant the underwriters an option for 30 days to purchase up to an additional 15% of the shares of common stock sold, to cover overallotments, if any.
The company said it plans to use the net proceeds of the offering to repay amounts outstanding under its $116 million revolving credit facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.