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BlackRock Capital Investment Corporation - BKCC STOCK NEWS

Welcome to our dedicated page for BlackRock Capital Investment Corporation news (Ticker: BKCC), a resource for investors and traders seeking the latest updates and insights on BlackRock Capital Investment Corporation stock.

BlackRock Capital Investment Corporation (BKCC) is a prominent player in the financial sector, specializing in providing flexible and best-in-class solutions to middle-market companies. As a business development company (BDC), BKCC offers a range of investment services, primarily focusing on senior and junior secured loans, unsecured loans, and equity investments. With a strategic emphasis on supporting and partnering with middle-market firms, BKCC plays a critical role in bolstering businesses that may not have easy access to traditional sources of funding.

The company’s core operations are designed to generate attractive returns for its shareholders through income and capital appreciation. BKCC’s investment portfolio is diversified across various industries, providing a balanced risk profile. This approach not only aids in mitigating sector-specific risks but also ensures steady performance across different economic cycles.

In recent achievements, BKCC has successfully expanded its portfolio and formed strategic partnerships, enhancing its market presence and operational capabilities. The company maintains a robust financial condition, with a disciplined approach to underwriting and managing credit risk. This ensures the stability and growth of its investments, which in turn benefits its shareholders.

Current projects at BKCC include exploring new investment opportunities and strengthening existing ones. The company is constantly on the lookout for innovative ways to support its portfolio companies and drive value. By leveraging its expertise and extensive network, BKCC aims to achieve sustainable growth and provide high-quality financial solutions to its clients.

Stay up-to-date with the latest news and developments from BlackRock Capital Investment Corporation to gain insights into its performance and strategic initiatives. Whether you are an investor, stakeholder, or simply interested in the financial market, BKCC offers valuable information and opportunities.

News

BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation

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BlackRock TCP Capital Corp. (TCPC) has completed a merger with BlackRock Capital Investment (BKCC), resulting in TCPC trading on Nasdaq under the ticker symbol 'TCPC'. Former BCIC shareholders will receive 0.3834 shares of TCPC for each BCIC share. The merger positions TCPC for growth, with legacy TCPC shareholders owning 67.5% and former BCIC shareholders owning 32.5% of the combined entity.
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BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation

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BlackRock TCP Capital Corp. (TCPC) announces the merger with BlackRock Capital Investment (BCIC), creating a combined company on the Nasdaq under the ticker symbol 'TCPC'. Former BCIC shareholders will receive 0.3834 shares of TCPC per BCIC share. The merger results in TCPC shareholders owning 67.5% and former BCIC shareholders owning 32.5% of the combined entity. TCPC's advisor agreed to reduce the management fee rate and waive advisory fees under certain conditions.
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BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Shareholder Approval of Merger

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BlackRock TCP Capital Corp. (TCPC) and BlackRock Capital Investment Corporation (BKCC) have received shareholder approval for their merger, with over 90% of shareholders voting in favor. Rajneesh Vig expressed gratitude for the strong support.
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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended December 31, 2023, Declares Quarterly Cash Dividend of $0.10 per Share

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BlackRock Capital Investment Corporation (BKCC) reported a 3% decrease in GAAP Net Investment Income (NII) to $9.3 million in the fourth quarter, with a 15% year-over-year increase. The Net Asset Value (NAV) decreased to $315.7 million, with a NAV per share of $4.35. The company's gross deployments were $25.4 million, with a weighted average yield of 11.9%. The merger with BlackRock TCP Capital Corp. is expected to close in the first quarter of 2024.
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BlackRock Capital Investment Corporation to Report Fourth Quarter 2023 Earnings on March 5, 2024

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BlackRock Capital Investment Corporation (BKCC) will report earnings for the fourth quarter of 2023 on March 5, 2024, followed by a webcast/teleconference on March 6, 2024. Interested persons can attend the discussion of financial results and access the earnings release on the company's website. The teleconference and webcast will be available for replay until March 20, 2024.
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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2023, Declares Quarterly Cash Dividend of $0.10 per Share

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BlackRock Capital Investment Corporation (BKCC) announced a 7% increase in NII to $9.5 million in Q3 2023, with a 24% year-over-year increase. NAV increased to $317.6 million, driven by $2.3 million of NII in excess of the declared dividend and $1.3 million of net realized and unrealized gains on the portfolio. Gross deployments totaled $40.3 million, with a weighted average yield of 13.4%. The company's weighted-average portfolio yield was 12.8% as of September 30, 2023. The company's net leverage was 0.84x, down slightly from the prior quarter. The company also announced a proposed merger with BlackRock TCP Capital Corp.
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BlackRock Capital Investment Corporation to Report Third Quarter 2023 Earnings on November 8, 2023

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BlackRock Capital Investment Corporation (BKCC) will report earnings for Q3 2023 on November 8, 2023, with a webcast/teleconference on November 9, 2023. The earnings release will be available on their website. The teleconference and webcast will be available for replay until November 23, 2023.
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BlackRock Capital Investment Corporation Announces Credit Agreement Amendment

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BlackRock Capital Investment Corporation has entered into an amendment to its senior secured revolving credit agreement, extending the maturity date of the loans and commitments, reducing the applicable margin and commitment fee, and permitting a merger with Project Spurs Merger Sub. The Revolving Credit Facility includes an 'accordion' feature to increase its size. Usage of the facility is subject to a borrowing base and is secured by assets. BCIC's legal counsel is Skadden, Arps, Slate, Meagher & Flom LLP.
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BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Merger Agreement

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BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation have announced a merger agreement, subject to shareholder approval and closing conditions. TCPC will continue to trade on Nasdaq under the ticker symbol 'TCPC'. The merger is expected to create enhanced scale, improved access to capital, and operating synergies. The advisor has agreed to reduce the base management fee rate from 1.50% to 1.25% and waive advisory fees under certain conditions. The merger is expected to be accretive to net investment income over time. The combined portfolio will be diversified with significant overlap. The transaction is expected to close in Q1 2024.
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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2023, Declares Quarterly Cash Dividend of $0.10 per Share

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BlackRock Capital Investment Corporation (BKCC) announced its Q2 2023 financial results. GAAP Net Investment Income (NII) was $8.9 million, consistent with Q1. NAV decreased to $314.0 million, driven by net unrealized depreciation. Gross deployments were $20.8 million with a weighted average yield of 12.1%. 3 new portfolio companies were added. Net leverage was 0.86x. Total available liquidity at quarter-end was $85.4 million.
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FAQ

What is the market cap of BlackRock Capital Investment Corporation (BKCC)?

The market cap of BlackRock Capital Investment Corporation (BKCC) is approximately 267.1M.

What does BlackRock Capital Investment Corporation (BKCC) do?

BKCC provides flexible financial solutions to middle-market companies through senior and junior secured loans, unsecured loans, and equity investments.

What is the primary focus of BKCC?

BKCC focuses on generating attractive returns for shareholders through income and capital appreciation by investing in a diversified portfolio across various industries.

How does BKCC mitigate risk in its investments?

BKCC mitigates risk by maintaining a diversified portfolio, which balances risk across various sectors and economic cycles, and by employing a disciplined approach to underwriting and credit risk management.

What are some recent achievements of BKCC?

BKCC has expanded its portfolio and formed strategic partnerships, enhancing its market presence and operational capabilities.

What is BKCC's financial condition?

BKCC maintains a robust financial condition with a disciplined approach to underwriting and managing credit risk, ensuring the stability and growth of its investments.

What types of projects is BKCC currently involved in?

BKCC is exploring new investment opportunities and strengthening existing ones, continually supporting its portfolio companies and driving value.

Why should investors follow BKCC's news and updates?

Investors should follow BKCC's news and updates to gain insights into its performance, strategic initiatives, and opportunities for investment.

How does BKCC support middle-market companies?

BKCC supports middle-market companies by providing flexible financial solutions that might not be accessible through traditional funding sources.

What makes BKCC's investment portfolio unique?

BKCC's investment portfolio is unique due to its diversification across various industries, ensuring a balanced risk profile and steady performance.

How can I learn more about BKCC's financial solutions?

To learn more about BKCC's financial solutions, you can follow their latest news and updates or visit their official website for detailed information.

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BlackRock Capital Investment Corporation

Nasdaq:BKCC

BKCC Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

BKCC Stock Data

267.06M
71.59M
1.36%
22.68%
0.17%
Asset Management
Financial Services
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United States
New York