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TCP Capital prices direct public offering of common shares

TCP CapitalCorp. has priced a registered direct public offering of 2,336,552common shares at $15.09 per share for total gross proceeds of about $35.3million.

The offering is expected to close on or about July 13.

The company plans to use the offering's net proceeds torepay amounts outstanding under its revolving credit facilities and to makeinvestments in portfolio companies in accordance with its investment objectiveand for other general corporate purposes, including payment of operatingexpenses.