US Stock Movement | BlackRock (BLK.US) drops over 5%; $25 million private placement loan valuation drops to zero

LootboxPhobia · 2026-03-06T23:16:03+00:00

BlackRock's stock price once fell nearly 7% due to deteriorating loan asset quality, now down more than 5%. Its subsidiary TCP Capital has become worthless due to nearly $25 million in loans, reducing quarterly dividends and writing down related investments. This highlights asset pressure in a high interest rate environment.

LootboxPhobia

2026-03-06 23:16:03

Abstract generation in progress

BlackRock (BLK.US) stock temporarily fell nearly 7% during trading on Friday. As of press time, it was down over 5%, trading at $973.42. According to the fourth-quarter filing released last week by BlackRock’s subsidiary TCP Capital Corp., a loan of approximately $25 million to Infinite Commerce Holdings has now become worthless—Infinite Commerce is a so-called “Amazon aggregator” that acquires online sellers’ businesses, ranging from spa products to light bulbs. Last third quarter, BlackRock still valued this subordinate debt at 100% of face value.

Due to asset quality issues, BlackRock TCP has reduced its quarterly dividend from 25 cents per share to 17 cents, and has partially written down its investment in SellerX. The filing states that 91% of the valuation decline in the investment portfolio stems from deals made in 2021 and earlier, with the related assets under pressure in a high-interest-rate environment.

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