UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 5, 2013
CAPITALA FINANCE CORP.
(Exact name of registrant as specified in its charter)
| Maryland | 814-01022 | 90-0945675 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
4201 Congress St., Suite 360
Charlotte, NC 28209
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (704) 376-5502
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure
On December 5, 2013, Capitala Finance Corp. issued a press release, the text of which is attached hereto as Exhibit 99.1.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | Exhibits. |
| Exhibit |
Description | |
| 99.1 | Press release dated December 5, 2013 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: December 5, 2013 | CAPITALA FINANCE CORP. | |||||
| By: | /s/ Stephen A. Arnall | |||||
| Stephen A. Arnall | ||||||
| Chief Financial Officer | ||||||
Exhibit 99.1
December 5, 2013
Capitala Finance Corp. Announces Staff Additions to its Investment Adviser
CHARLOTTE, N.C., December 5, 2013 (GLOBE NEWSWIRE) — Capitala Finance Corp. (Nasdaq:CPTA) (the “Company”) announced today additions to the staff of its investment adviser, Capitala Investment Advisors, LLC (“Capitala”). Chuck Cox joins as a director of portfolio management; Mario Shaffer and Randall Fontes join as directors of business development.
“We are excited to add these three talented, senior professionals to Capitala’s management team as we prudently expand our operations and direct origination business development platform,” noted Joe Alala, the Company’s Chief Executive Officer, adding “Capitala agreed to a management fee reduction as part of the IPO process, but we are committed to staffing the firm with high-caliber professionals, despite this fee reduction.” The Company completed its $80 million initial public offering in September 2013. Capitala agreed to waive management fees on all un-invested offering proceeds during its first year of operations.
Mr. Cox joins the portfolio management team with over twenty years of experience in executive-level operating roles with middle market companies, as well as senior investment banking positions with respected advisory firms. Mr. Cox has held leadership roles as CEO, CFO and COO, delivering results in corporate development and as a revenue-driven and cost-conscious business operator. As an investment banking professional, Mr. Cox has executed sell-side and buy-side transactions, management buyouts, growth financings and strategic advisory engagements in a variety of industries.
Mr. Shaffer joins the business development team with over fifteen years of investment banking and investment origination experience, principally focused on developing relationships with financial sponsors and leveraged loan investors. Most recently, he served as a managing director at Alliance Partners, LLC, where he was actively involved in re-launching the leveraged finance and asset management platform. Prior to that, Mr. Shaffer served as the founding Director of Barclays’ Washington, DC office, where he was responsible for regional development of Barclay’s banking platform and managing direct origination of banking clients through financial sponsors, family offices and corporate entities. Mr. Shaffer also previously served as the head of the financial sponsors group at FBR & Co.
Mr. Fontes joins the business development team with over fifteen years of investment banking, business development and investment origination experience, principally focused on originating, structuring and underwriting private investment securities across all levels of the capital structure. Most recently, he served as the co-founder and Managing Director of Capstan Finance, LLC, a finance company formed in partnership with a $55 billion asset manager focused on providing both cash flow-based credit facilities and enterprise value-based investments with unitranche, mezzanine and preferred equity structures. Prior to that, Mr. Fontes served as a director in the Corporate Finance Group within Cortview Securities, LLC (a Warburg Pincus Company) and as a principal with Atalaya Capital Management L.P.
About Capitala Finance Corp.
Capitala Finance Corp. is an externally-managed 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 smaller and lower middle-market companies. The Company is managed by Capitala Investment Advisors, LLC.
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.
CONTACT:
Capitala Finance Corp.
Stephen Arnall, Chief Financial Officer
704-376-5502
sarnall@capitalagroup.com
Source: Capitala Finance Corp.
News Provided by Acquire Media