BlackRock TCP Capital Corp., through its wholly owned subsidiary BCIC Merger Sub, LLC, has entered into a Ninth Amendment to its existing Second Amended and Restated Senior Secured Revolving Credit Facility. This amendment, dated May 16, 2025, involves BCIC Merger Sub as the borrower, MBS Group Holdings Inc. as a subsidiary guarantor, and Citibank, N.A. as the administrative agent, along with various lenders. The amendment facilitates the acquisition by BlackRock Inc. of all business and assets of HPS Group Adviser Holdings L.P. and HPS Partners Investment Holdings LLC. This strategic move marks a significant step in BlackRock's expansion efforts.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.