TICC Capital (NASDAQ: TICC) has sold a new baby bond issue with a coupon of 6.50%.
ABOUT TCP CAPITAL CORP.
TCP Capital Corp.’s (TCPC) investment objective is to seek to achieve high total returns while minimizing losses. TCP Capital Corp. seeks to achieve its investment objective primarily through investments in debt securities of middle-market companies, which it typically defines as those with enterprise values between $100 million and $1.5 billion. TCP Capital Corp. is a publicly-traded business development company regulated under the Investment Company Act of 1940 and is externally managed by its advisor, Tennenbaum Capital Partners, LLC, a leading alternative investment manager.