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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification Number)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading symbol(s)
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Name of each exchange on which registered
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ITEM 1.01. |
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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• |
extends the maturity date of the loans made under the Revolving Credit Facility (collectively, the “Loans”) from April 23, 2025 to September 6, 2028;
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• |
extends the termination date of the commitments available under the Revolving Credit Facility (collectively, the “Commitments”) from April 23, 2024 to September 6,
2027;
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• |
reduces the applicable margin to be applied to interest on the Loans by 25 basis points per annum and reduces the commitment fee on unused Commitments from 40 basis
points per annum to 37.5 basis points per annum; and
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• |
permits the merger of BCIC with and into Project Spurs Merger Sub, LLC (“Merger Sub”), a Delaware limited liability company and wholly-owned indirect subsidiary of
BlackRock TCP Capital Corp., a Delaware corporation (NASDAQ: TCPC) (“TCPC”), with Merger Sub continuing as the surviving company (the “Merger”).
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ITEM 2.03. |
CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF BALANCE SHEET ARRANGEMENT OF REGISTRATION
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ITEM 8.01 | OTHER EVENTS |
ITEM 9.01.
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FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit
Number
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Description
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|
10.1 | Eighth Amendment, dated as of September 6, 2023, by and among BlackRock Capital Investment Corporation, the Subsidiary Guarantors party thereto, the Lenders party thereto and Citibank, N.A., as administrative agent* | |
Press Release, dated as of September 6, 2023
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||
104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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|
BLACKROCK CAPITAL INVESTMENT CORPORATION
|
||
|
||
Date: September 6, 2023
|
By:
|
/s/ James E. Keenan
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Name: James E. Keenan
|
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Title: Interim Chief Executive Officer and Chairman of the Board
|
|
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By:
|
/s/ Chip Holladay
|
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Name: Chip Holladay
|
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Title: Interim Chief Financial Officer and Treasurer
|
BLACKROCK CAPITAL INVESTMENT CORPORATION,
|
|||
by
|
|||
/s/ Chip Holladay
|
|||
Name: Chip Holladay
|
|||
Title: Interim Chief Financial Officer and Treasurer |
BCIC-MBS, LLC,
|
|||
by
|
|||
/s/ Chip Holladay | |||
Name: Chip Holladay
|
|||
Title: Interim Chief Financial Officer and Treasurer |
BKC ASW BLOCKER, INC.,
|
|||
by
|
|||
/s/ Chip Holladay | |||
Name: Chip Holladay
|
|||
Title: Interim Chief Financial Officer and Treasurer
|
CITIBANK, N.A., as Administrative Agent, Issuing Bank, Swingline Lender and an Extending Lender,
|
|||
by
|
|||
/s/ Maureen Maroney
|
|||
Name: Maureen Maroney
|
|||
Title: Vice President
|
Bank of Montreal, Chicago Branch,
|
|||
by
|
|||
/s/ Michael Orphanides
|
|||
Name: Michael Orphanides
|
|||
Title: Managing Director
|
Merrill Lynch Capital Corporation,
|
|||
by
|
|||
/s/ Zehra Yasemin Esmer
|
|||
Name: Zehra Yasemin Esmer
|
|||
Title: President, Merrill Lynch Capital Corporation
|
DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
|
|||
by
|
|||
/s/ Douglas Darman
|
|||
Name: Douglas Darman
|
|||
Title: Director
|
by
|
|||
/s/ Mink K Chu
|
|||
Name: Mink K Chu
|
|||
Title: Director
|
STATE STREET BANK AND TRUST COMPANY,
|
|||
by
|
|||
/s/ John Doherty
|
|||
Name: John Doherty
|
|||
Title: Vice President
|
MORGAN STANLEY BANK, N.A.
|
|||
by
|
|||
/s/ Michael King
|
|||
Name: Michael King
|
|||
Title: Authorized Signatory
|
HSBC Bank USA, N.A.,
|
|||
by
|
|||
/s/ Kieran Patel
|
|||
Name: Kieran Patel
|
|||
Title: Managing Director
|
• |
extends the maturity date of the loans made under the Revolving Credit Facility (collectively, the “Loans”) from April 23, 2025 to September 6, 2028;
|
• |
extends the termination date of the commitments available under the Revolving Credit Facility (collectively, the “Commitments”) from April 23, 2024 to September 6,
2027;
|
• |
reduces the applicable margin to be applied to interest on the Loans by 25 basis points per annum and reduces the commitment fee on unused Commitments from 40 basis
points per annum to 37.5 basis points per annum; and
|
• |
permits the merger of BCIC with and into Project Spurs Merger Sub, LLC (“Merger Sub”), a Delaware limited liability company and wholly-owned indirect subsidiary of
BlackRock TCP Capital Corp., a Delaware corporation (NASDAQ: TCPC) (“TCPC”), with Merger Sub continuing as the surviving company (the “Merger”).
|
Document and Entity Information |
Sep. 06, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Sep. 06, 2023 |
Entity File Number | 814-00712 |
Entity Registrant Name | BLACKROCK CAPITAL INVESTMENT CORPORATION |
Entity Central Index Key | 0001326003 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 20-2725151 |
Entity Address, Address Line One | 50 Hudson Yards |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10022 |
City Area Code | 212 |
Local Phone Number | 810-5800 |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | BKCC |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Written Communications | true |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
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