04:08 AM EST, 01/30/2025 (MT Newswires) -- TriplePoint Venture Growth BDC ( TPVG ) said late Wednesday it has entered into a note purchase agreement for the issuance of $50 million of senior unsecured investment grade notes due February 2028.

The notes will bear an interest rate of 8.11% per year, payable semiannually, and are expected to be delivered on Feb. 12.

The company said it plans to use the net proceeds along with cash on hand to prepay unsecured notes due in March 2025.