TCPC stock news · BlackRock TCP Capital Corp.
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Get alerts for TCPCBlackRock TCP Capital shared its third-quarter earnings, showing a $524 million portfolio sale and less debt.
Bad for TCPCTCPC's net asset value fell $0.97 per share to $5.61 after asset sales and markdowns. More cash and less debt help, but the news points down for TCPC.
BlackRock Direct Lending Corp. said some directors and officers are leaving, while new ones are being appointed.
NeutralDan Worrell will become TCPC's chief operating officer, and he already serves as its president and leads work in the lending strategy. The filing reports no dispute or business change, so TCPC's outlook stays unchanged.
BlackRock TCP Capital Corp. said COO Patrick Wolfe is leaving and Dan Worrell will take over on December 18, 2026.
NeutralTCPC is changing its COO, but the outgoing officer cited no disagreement and his replacement already leads company roles. The filing gives no clear reason to change the view of TCPC's prospects.
TCP Capital's $671 million loan portfolio is being offered for sale by BlackRock.
Bad for TCPCBlackRock is exploring the sale of a $671 million loan portfolio owned by TCP Capital Corp. as part of a restructuring effort amid challenges in the private credit market. The asset manager has engaged Keefe, Bruyette & Woods to assess buyer interest, while TCP Capital is considering various options to improve its financial position.