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ING Capital Agents Alcentra Capital’s Facility Increase to $115MM

December 23, 2014, 07:44 AM
Filed Under: Investment Financing


Alcentra Capital Corporation increased its revolving credit facility to $115 million.  The revolver was increased by $35 million via an amendment.  There is an accordion feature that allows the facility to increase to $160 million. ING Capital LLC is the agent and arranger.

Alcentra is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Alcentra's investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments. Alcentra's investment activities are managed by its investment adviser, Alcentra NY, LLC.

Alcentra NY, LLC is part of BNY Alcentra Group Holdings, Inc., one of the world's leading sub-investment grade credit asset managers focusing on the U.S. and European markets. Alcentra Group has an investment track record that spans across 50 separate investment funds totaling approximately $24 billion (including accounts managed by Alcentra NY, LLC, Alcentra Ltd, and assets managed by Alcentra Group personnel for affiliates under dual officer arrangements).

ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital is an indirect U.S. subsidiary of ING Bank NV, part of ING Group (NYSE: ING), a global financial institution of Dutch origin.







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