| Item 1.01 | Entry into a Material Definitive Agreement. |
On August 27, 2019, TriplePoint Venture Growth BDC Corp. (the “Company”) amended its Receivables Financing Agreement, dated as of February 21, 2014, as amended (the “Credit Facility”), by executing a letter agreement, dated August 27, 2019 (the “Amendment”), by and among the Company, individually and as collateral manager and as sole equityholder of the borrower, TPVG Variable Funding Company LLC, as borrower, the agents party thereto, the lenders party thereto, and Deutsche Bank AG, New York Branch, as facility agent. The Amendment, among other things, (i) increases the capacity of the Credit Facility from $265 million to $300 million and (ii) adds two new lenders, Hitachi Capital America Corporation and NBH Bank. The $35 million increase in the capacity of the Credit Facility was made under the accordion feature in the Credit Facility, which allows the Company, under certain circumstances, to increase the size of the Credit Facility to an amount not to exceed $400 million.
The Credit Facility includes customary representations and warranties and requires the Company to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities. Borrowings under the Credit Facility are subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended, provided that the Company’s asset coverage ratio under the Credit Facility shall not be less than 150%.
A copy of the Amendment is attached hereto as Exhibit 10.1. The foregoing description is qualified in its entirety by reference to the full text of the Amendment, which is incorporated herein by reference.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation underan Off-Balance Sheet Arrangement of Registrant. |
The information contained in Item 1.01 of this current report onForm 8-K is incorporated by reference in this Item 2.03.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
