SEC Filing Summary: Technology Investment Capital Corp.
Business Context and Reporting Period
This Form 8-K was filed by Technology Investment Capital Corp. (TICC) on September 29, 2005, reporting events occurring on September 28, 2005. TICC is a Maryland corporation focused on technology investments. The filing discloses a specific investment transaction rather than periodic financial results.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the registrant. The only specific financial figure disclosed is the size of a new investment:
- Investment Amount: $11 million
- Investment Type: Senior second lien notes
- Target Company: Mortgagebot, LLC (a provider of Internet-based loan origination solutions)
Material Changes
The material change reported is the completion of the $11 million investment in Mortgagebot, LLC. This transaction supports the recapitalization of Mortgagebot by Spectrum Equity Investors. No comparative financial data or changes in TICC's own financial position are provided in this document.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the nature of the investment itself. The document serves solely to announce the completed transaction and includes the press release as Exhibit 99.1.
Investor Verification Checklist
- Verify the terms and interest rate of the senior second lien notes issued by Mortgagebot, LLC.
- Confirm the impact of this $11 million deployment on TICC's remaining capital and liquidity.
- Review the full text of the press release (Exhibit 99.1) for details on the recapitalization structure involving Spectrum Equity Investors.
- Check subsequent filings for any financial impact of this investment on TICC's portfolio performance.