CHARLOTTE, N.C.--(BUSINESS WIRE)--
Capitala Finance Corp. (Nasdaq:CPTA) (the "Company") announced today
that it has generated approximately $47.6 million in proceeds from the
sale of existing investments.
The Company sold a portion of ten existing investments based on June 30,
2016 fair values. Coupled with previously announced investment exits,
the Company has substantial liquidity available for the next few
quarters. The Company expects to actively invest in directly originated
lower middle market investments, as well as opportunities to co-invest
with Capitala Private Credit Fund V, LP, which recently completed its
first close.
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.
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/20160913005354/en/
Capitala Finance Corp.
Stephen Arnall, 704-376-5502
Chief
Financial Officer
sarnall@capitalagroup.com
Source: Capitala Finance Corp.
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