CHARLOTTE, N.C.--(BUSINESS WIRE)--
Capitala Finance Corp. ("Capitala") (Nasdaq:CPTA) announced today that
it recently invested $21.5 million in senior secured debt and $3.0
million in preferred equity in Nth Degree, Inc., a leader in the trade
show and event marketing industry, in support of Gladstone Investment
Corporation's acquisition of the company, and alongside a significant
re-investment from the management team.
Headquartered in Atlanta, GA, Nth Degree is one of the nation's leading
event marketing and management companies with 21 satellite offices
across North America and Europe. They manage over 7,500 trade shows,
exhibits, and events annually for their clients crafting experiences
that help create loyal customers and build stronger brands.
"We are excited to partner with Nth Degree as they continue their
commitment to success in the trade show and event industry," said Joe
Alala, CEO of Capitala Group. "Their worldwide customer base and
long-standing experience, puts Nth Degree in an ideal position to use
this capital for further growth and expansion."
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. Capitala Finance Corp. is managed by Capitala Investment
Advisors, LLC. 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 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/20151217005966/en/
Capitala Finance Corp.
Stephen Arnall, Chief Financial Officer
704-376-5502
sarnall@capitalagroup.com
Source: Capitala Finance Corp.
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