TCG BDC Inc. has filed a registration statement to offer up to $500.0 million of various securities from time to time.
The filing covers common shares, preferred shares, debt securities, subscription rights, warrants and units.
The registration statement also relates to 5.5 million common shares that selling shareholders may offer. The proposed maximum aggregate offering price for the secondary equity offering is about $94.2 million, or $17.135 per unit, estimated solely for calculating the registration fee.
TCG BDC plans to use the net proceeds from the sale of its securities for general corporate purposes, including investing in portfolio companies. The company also expects to use part of the net proceeds to repay or repurchase outstanding debt. The company will not receive any proceeds from any sale of common shares by the selling shareholders.