CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 23, 2018--
Capitala
Finance Corp. (the “Company,” “our,” or “Capitala”) (Nasdaq:CPTA)
announced the exit of its investment in Brunswick Bowling Products, Inc.
On December 22, 2017, the Company received $6.2 million for its equity
investment in Brunswick Bowling Products, Inc., generating a realized
gain of $2.5 million.
On January 19, 2018, the Company received $7.2 million representing full
repayment of its first lien debt investment in Brunswick Bowling
Products, Inc.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests
primarily in first and second liens, subordinated debt and, to lesser
extent, equity securities issued by lower and traditional middle-market
companies. The Company is managed by Capitala Investment Advisors, LLC.
For more information on Capitala, or to automatically receive email
notifications of Company financial information, press releases, stock
alerts, or other corporate filings, please visit the Investor
Relations section of our website.
About Capitala Group
Capitala Group is a leading provider of capital to lower and traditional
middle market companies, through its family of credit focused funds.
Since 1998, Capitala Group's managed funds have participated in over 143
transactions, representing over $1.4 billion of investments in a variety
of industries throughout North America. Capitala Group manages both
public capital (Capitala Finance Corp.) (Nasdaq:CPTA) and private
capital (Capitala Private Credit Fund V, L.P. and CapitalSouth SBIC Fund
IV, L.P.) for institutional and individual investors, and seeks to
partner with strong management teams to create value and serve as long
term partners. 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 Company’s filings
with the Securities and Exchange Commission. The Company 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/20180123005554/en/
Source: Capitala Finance Corp.
Capitala Finance Corp.
Stephen Arnall, 704-376-5502
Chief
Financial Officer
sarnall@capitalagroup.com
