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Garrison Capital Increases Credit Facility With Natixis, Deutsche Bank

June 07, 2013, 07:27 AM
Filed Under: Lender Finance

Garrison Capital Inc., a business development company, announced that its wholly-owned subsidiary, Garrison Funding 2012-1 LLC, entered into an agreement on June 5, 2013 to increase the size of its credit facility, with the lenders party thereto, Natixis, New York Branch, as administrative agent, and Deutsche Bank Trust Company Americas, as collateral agent and custodian, from $150 million to $175 million, consisting of $125 million of term loans and $50 million of revolving loans. All other terms of the credit agreement remain unchanged.

Garrison Capital Inc. is a business development company that primarily invests in loans to U.S. based middle-market companies. The company’s investment activities are managed by its investment adviser, Garrison Capital Advisers LLC, an affiliate of Garrison Investment Group LP (“Garrison Investment Group”).

Garrison Investment Group is an alternative investment and asset management firm founded in March 2007 by Steven Stuart and Joseph Tansey. Garrison Investment Group invests opportunistically in the debt of middle-market companies, primarily in the areas of corporate finance, real estate finance and structured finance.

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