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Capitala Finance Increases Credit Facility to $120 Million

August 26, 2015, 07:10 AM
Filed Under: Investment Financing

Capitala Finance Corp. announced the expansion of total commitments under its credit facility from $80.0 million to $120.0 million. The $40.0 million increase in total commitments was the result of new lender relationships, which further diversifies the Capitala lending group under the credit facility to eight participants. The recent increase in total commitments was executed under the accordion feature of the credit facility which allows for an increase in total commitments under the facility up to $150.0 million. The recent increase in total commitments provides the company with access to additional financing capacity in support of its future investment and operational activities.

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.

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