TCPC Updated Projections: Includes IG Notes
TCPC Quick Update:
Yesterday, TCPC announced it will report results in 4 weeks and this report provides a preview of what to expect, including projected “Interest Expense Coverage” and “Asset Coverage” ratios for TCPC.
TCPC has two investment grade notes, including its 2024 note (CUSIP 09259EAA6) with relatively higher yield (for similar durations).
Howeve…