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.
For comments and feedback: editorial@rttnews.com