Daily News: July 19, 2017

ING Capital Arranges $70MM Corporate Capital Trust Facility

Corporate Capital Trust II, a BDC that offers individuals the opportunity to invest in the debt of privately owned American companies, has closed on a new credit facility of $70 million, led and arranged by ING Capital.

Additionally, Cadence Bank and Seaside National Bank & Trust will be lenders under the credit facility. The credit facility has an accordion feature which allows for expansion up to $200 million.

“There is significant demand for debt investment among middle market companies, and we believe the addition of this credit facility will allow Corporate Capital Trust II to further execute on the opportunities we are seeing,” said Thomas K. Sittema, CEO of Corporate Capital Trust II.

Corporate Capital Trust II is advised by CNL Fund Advisors II and KKR Credit Advisors (U.S.), affiliates of CNL Financial Group and KKR, respectively.