CHARLOTTE, N.C.--(BUSINESS WIRE)--
Capitala Group ("Capitala" or the "Company") announced today that it
recently invested $30.0 million to support the acquisition of Vintage
Stock, Inc. by Live Ventures Incorporated (Nasdaq:LIVE), a diversified
holding company.
Capitala Finance Corp., a business development company managed by
Capitala, (Nasdaq:CPTA) invested in $22.5 million of the senior secured
debt, with the remaining $7.5 million invested by Capitala Group
affiliated funds.
"Through Capitala Group's unique structuring capabilities, we are able
to offer creative financing solutions to our partners," stated Joe
Alala, Chairman and CEO of Capitala Group. "We are pleased to have led
the financing for this transaction, and we're excited to have Live
Ventures as a new partner."
Vintage Stock Inc., along with its sub-brands, VStock and Movie Trading
Company, is a Joplin, Missouri-based retail chain that buys, sells and
trades entertainment products including movies, music, video games from
multiple platform consoles, as well as books, trading and game cards and
collectables, including comic books, movie memorabilia, toys and
novelties. The company operates 57 stores across 10 states and employs
about 900 people.
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 133
transactions, representing over $1.2 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 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 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.
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/20161107005404/en/
Capitala Finance Corp.
Stephen Arnall, 704-376-5502
Chief
Financial Officer
sarnall@capitalagroup.com
Source: Capitala Finance Corp.
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