UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On July 31, 2025, TCPC Funding II, LLC, a Delaware limited liability company (the “Portfolio Holdco”) that is a wholly owned subsidiary of BlackRock TCP Capital Corp. (“TCPC” or the “Company”), entered into a Sixth Amendment to the Loan and Servicing Agreement (the “Amendment”) among the Portfolio Holdco, as borrower, Special Value Continuation Partners LLC, as servicer, Morgan Stanley Asset Funding Inc., as administrative agent and Morgan Stanley Bank, N.A. and City National Bank, as lenders. The Amendment relates to the $200 million revolving credit facility established by the Loan and Servicing Agreement (the “Credit Facility”).
The Credit Facility is secured by all of the assets held by the Portfolio Holdco. Under the Credit Facility, the Portfolio Holdco has made certain customary representations and warranties, and is required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities. The Credit Facility includes usual and customary events of default for credit facilities of this nature.
The Amendment amends the Credit Facility to extend the revolving period from August 4, 2025 to July 31, 2027, and incorporates certain other changes set forth in the Amendment.
The foregoing does not purport to be a complete summary of the Amendment and is qualified in its entirety by reference to the full text of the Amendment filed with this report as Exhibit 10.1 and incorporated herein by reference.
| Item 5.02. | Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensation Arrangements of Certain Officers. |
On July 30, 2025, the Board of Directors of BlackRock TCP Capital Corp. (the “Company”), appointed Charles Park as Chief Compliance Officer of the Company, effective July 31, 2025, in connection with the resignation of Ariel Hazzard, who previously served as Chief Compliance Officer of the Company.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
| 10.1 | Sixth Amendment to Loan and Servicing Agreement among TCPC Funding II, LLC, as borrower, Special Value Continuation Partners LLC, as servicer, Morgan Stanley Asset Funding Inc., as administrative agent, and Morgan Stanley Bank, N.A. and City National Bank, as lenders* |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| * | Certain schedules and exhibits have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted exhibits and schedules to the SEC upon its request. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BlackRock TCP Capital Corp. | ||
| Date: August 1, 2025 | By: | /s/ Diana Huffman |
| Name: | Diana Huffman | |
| Title | General Counsel & Secretary | |