CHARLOTTE, N.C.--(BUSINESS WIRE)--
Finance Corp. (the "Company" or "Capitala") (Nasdaq:CPTA) announced
today that it has formed a joint venture with Trinity Universal
Insurance Company ("Trinity"), a subsidiary of Kemper Corporation
(NYSE:KMPR) ("Kemper"), to create Capitala Senior Liquid Loan Fund I,
LLC ("CSLLF"). The joint venture is expected to invest primarily in
senior secured loans to middle market companies.
Capitala and Trinity have committed to provide $25 million of equity to
the joint venture, with Capitala providing $20 million and Trinity
providing $5 million. In addition, CSLLF has obtained third party
asset-level financing. Capitala and Trinity expect to begin funding the
portfolio with new investments during the second quarter of 2015.
"CSLLF further deepens our long standing relationship with the
investment team at Kemper and demonstrates the value of our commitment
to the build-out of the liquid credit platform at Capitala," stated Joe
Alala, Chairman and CEO of Capitala. "By launching a liquid credit
platform, Capitala Group continues to develop differentiated and unique
investment strategies to complement its BDC strategy and private
investment strategy as the firm seeks to generate attractive risk
adjusted returns for our investors."
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. The Company is managed by Capitala Investment Advisors, LLC.
For more information about the Company, please visit www.CapitalaGroup.com.
About Capitala Group
Capitala Group includes Capitala Investment Advisors, LLC, and
SEC-registered investment advisor that serves as an external investment
advisor of the Company, and its affiliates. Capitala Group is
headquartered in Charlotte, North Carolina, and more information about
Capitala Group can be found at www.CapitalaGroup.com.
About Kemper Corporation
Kemper Corporation, with $8 billion in assets, is one of the nation's
leading insurers. The Kemper family of companies specializes in property
and casualty insurance and life and health insurance for individuals,
families, and small businesses. Kemper employs more than 5,000
associates who are dedicated to providing first-rate service to its
customers. Servicing six million policies, Kemper's businesses
collectively are represented by 20,000 independent agencies which sell
insurance in 47 states and the District of Columbia.
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.
Capitala Finance Corp.
Stephen Arnall, 704-376-5502
Source: Capitala Finance Corp.
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