TCP Capital prices private offering of convertible notes

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

The $100M in principal amount of 5.25% 5-year notes will be convertible into TCPC common stock based on an initial conversion rate of 50.91 shares for every $1K in principal amount, equivalent to a price of $19.64 per share. Last night's close was $17.41.