CHARLOTTE, N.C.--(BUSINESS WIRE)--
Capitala Finance Corp. (Nasdaq:CPTA) (the "Company") announced today
that it has amended and extended its senior secured revolving credit
facility (the "Credit Facility") led by ING Capital LLC.
The amended Credit Facility provides commitments of $114.5 million and
an expansion of the accordion feature to $200 million, to accommodate
future growth of the Company. The pricing remains unchanged at LIBOR
plus 3.00% but includes a step-down to LIBOR plus 2.75% when certain
conditions as outlined in the credit agreement are met. The revolving
period is extended to June 16, 2020 while the final maturity is extended
to June 16, 2021.
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 138
transactions, representing over $1.3 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.
About ING Capital LLC
ING Capital LLC is a financial services firm offering a full array of
wholesale financial lending products and advisory services to its
corporate and institutional clients. ING Capital LLC is an indirect U.S.
subsidiary of ING Bank NV, part of ING Group (NYSE:ING), a global
financial institution of Dutch origin. The purpose of ING Bank is
empowering people to stay a step ahead in life and in business. The
Investment Industry Finance (IIF) group at ING Capital offers a broad
range of structured finance solutions to its clients active in the
investment industry, including Business Development Companies.
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/20170620005173/en/
Capitala Finance Corp.
Stephen Arnall, 704-376-5502
Source: Capitala Finance Corp.
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