TCP Capital (TCPC) commences a 4M share public offering, with a 30-day option to purchase up to...

|About: TCP Capital (TCPC)|By:, SA News Editor

TCP Capital (TCPC) commences a 4M share public offering, with a 30-day option to purchase up to an additional 15% of the shares to cover overallotments, if any. The offering of the shares will be made under the company's existing shelf registration. The company intends to use the proceeds to repay amounts outstanding under its $116M revolving credit facility. Deutsche Bank, Keefe, Bruyette and Raymond James are acting as joint book-runners. Shares -45 AH.