CHARLOTTE, N.C.--(BUSINESS WIRE)--
Capitala Finance Corp. (Nasdaq: CPTA) ("Capitala" or the "Company")
today announced the expansion of total commitments under its credit
facility from $80.0 million to $120.0 million. The $40.0 million
increase in total commitments was the result of new lender
relationships, which further diversifies the Capitala lending group
under the credit facility to eight participants. The recent increase in
total commitments was executed under the accordion feature of the credit
facility which allows for an increase in total commitments under the
facility up to $150.0 million. The recent increase in total commitments
provides the Company with access to additional financing capacity in
support of its future investment and operational activities.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests
primarily in traditional mezzanine, senior subordinated and unitranche
debt, as well as senior and second-lien loans and, to lesser extent,
equity securities issued by lower and traditional middle-market
companies. Capitala Finance Corp. is managed by Capitala Investment
Advisors, LLC. For more information, please visit www.CapitalaGroup.com.
Forward-Looking Statements
This press release contains certain forward-looking statements. Words
such as "believes," "intends," "expects," "projects," "anticipates," and
"future" or similar expressions are intended to identify forward-looking
statements. These forward-looking statements are not guarantees of
future performance, condition or results and involve a number of risks
and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in the Capitala's
filings with the Securities and Exchange Commission. Capitala
Finance Corp. undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150825005051/en/
Capitala Finance Corp.
Stephen Arnall, Chief Financial Officer
704-376-5502
sarnall@capitalagroup.com
Source: Capitala Finance Corp.
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