TriplePoint Venture Growth BDC Corp. has filed a registration statement related to the sale of $500 million of certain securities from time to time.
The filing covers the sale of common shares, preferred shares, warrants, subscription rights and debt securities. The filing includes about $370.6 million of unsold securities that the company registered on a registration statement filed June 12, 2015.
TriplePoint expects to use any net proceeds from the sale of securities for general corporate purposes, which includes making new investments and paying operating expenses, including advisory and administrative fees and expenses, and other expenses such as due diligence expenses of potential new investments.
Pending any new investments, the company intends to invest any net proceeds from an offering primarily in cash, cash equivalents, U.S. government securities and other high-quality investment grade investments that mature in one year or less from the date of investment.