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TriplePoint closes common stock offering

TriplePoint Venture Growth BDC completed an underwritten offering of 6 million common shares for net proceeds of approximately $82.2 million, or $13.70 per share, excluding offering expenses.

In connection with the offering, the company also granted the underwriters an option to purchase up to an additional 900,000 shares.

TriplePoint also agreed to sell 200,000 shares at the public offering price through a private placement to certain managed investment vehicles of Colony Capital Inc. Certain accounts managed by Goldman Sachs Asset Management LP must also purchase 200,000 shares of TriplePoint pursuant to a prior agreement with the company.

TriplePoint expects to use the net proceeds from the offering and the private placements to make new investments and for general working capital purposes.