05:20 AM EDT, 05/23/2024 (MT Newswires) -- BlackRock TCP Capital ( TCPC ) said Wednesday that it priced an underwritten public offering of $325 million of 6.95% senior unsecured notes due May 30, 2029.

The notes are expected to be issued on or about May 30. Interest on the notes will be payable semiannually.

The company said it plans to use the net proceeds to repay its outstanding 3.9% notes due 2024 and for the temporary repayment of other indebtedness. BlackRock may also use the net proceeds for investment and other general corporate purposes, including the payment of operating expenses.

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