Item 7.01.
Regulation FD Disclosure.
On March 18, 2024, BlackRock TCP Capital Corp. (the "Company") completed its previously announced acquisition of BlackRock Capital Investment Corporation, a Delaware corporation ("BCIC"), pursuant to that certain Amended and Restated Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 10, 2024, by and among the Company, BCIC, the Successor Company, and solely for the limited purposes set forth therein, BlackRock Capital Investment Advisors, LLC, a Delaware limited liability company and investment adviser to BCIC ("BCIA"), and Tennenbaum Capital Partners, LLC, a Delaware limited liability company and wholly-owned subsidiary of BCIA and investment adviser to the Company. Pursuant to the Merger Agreement, BCIC was merged with and into the Successor Company, with the Successor Company continuing as the surviving company and as a subsidiary of Special Value Continuation Partners LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (the "Merger"). The Merger closed with an exchange ratio of 0.3834, based on the Company's net asset value ("NAV") per share of $10.95 and BCIC's NAV per share of $4.20, each as of March 15, 2024.
The change in the Company's NAV between December 31, 2023 and March 15, 2024 was primarily the result of further markdowns on investments that were previously addressed in the Company's fourth quarter and full year ended December 31, 2023 earnings press release and/or conference call, including unrealized losses on the Company's investments in Edmentum, Aventiv Technologies (Securus), Razor, Thras.io, and Astra Acquisition.
The NAV determinations described in this report were made pursuant to the requirements of, and solely for the purposes of, the Merger Agreement. The net asset value was not reviewed or approved for purposes of financial statement preparation or as part of a comprehensive statement of the Company's or BCIC's financial results. The adjusted NAV per share of the Company's common stock as of March 15, 2024 may not be indicative of the actual NAV per share of the Company as of December 31, 2023 or March 31, 2024.

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BlackRock TCP Capital Corp. published this content on 21 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 10:59:05 UTC.