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J.P. Morgan Securities, ING Capital Arrange $285MM to Corporate Capital Trust

September 12, 2013, 07:01 AM
Filed Under: Lender Finance

Corporate Capital Trust, a business development company that offers individuals the opportunity to invest in the debt of privately owned American companies, announced that it has closed on a new senior secured revolving credit facility in the initial amount of $285 million. J.P. Morgan Securities and ING Capital served as the joint lead-arrangers of the facility, with nine commercial banks participating in the initial lending syndicate. This credit facility is set to mature in September 2017 and is expandable to $600 million.

“We are pleased to be able to form this credit facility with J.P. Morgan, ING Capital and these other substantial commercial banks. We see a significant market opportunity today to invest in directly originated middle-market loans and the addition of this facility significantly expands our ability to invest in this opportunity,” said Andy Hyltin, CEO of Corporate Capital Trust.

Corporate Capital Trust is an innovative non-traded business development company that offers individuals an opportunity to invest in privately owned American companies. The company is externally managed by CNL and KKR and its investment objective is to provide shareholders with current income, capital preservation and, to a lesser extent, long-term capital appreciation. The Company intends to meet its investment objective by investing primarily in the debt of privately owned companies, with a focus on originated transactions sourced through the networks of its advisors.

CNL Financial Group is a leading private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL Financial Group and/or its affiliates have formed or acquired companies with more than $28 billion in assets. CNL Financial Group is headquartered in Orlando, FL.

Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $83.5 billion in assets under management as of June 30, 2013.





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