During the Q2/20, Capitala Finance received more than $51.1 million in repayments from its portfolio companies, including $17.8 million in full repayment of its debt investments in Flavors Holdings and $13.1 million from the wind-down of the company’s joint venture, Capitala Senior Loan Fund II.
“After a busy second quarter of portfolio activity, the company has approximately $95.2 million in cash as of June 30, 2020, which provides Capitala liquidity to support our existing portfolio companies, invest in new portfolio companies, pay off existing debt obligations and service working capital needs,” Joseph B. Alala III, chairman and CEO of Capitala, said.
Capitala Group is a $3 billion asset management firm that has been providing capital to lower middle market companies throughout North America for 20 years.
Capitala Finance is a business development company that invests primarily in first and second lien loans, subordinated debt and, to a lesser extent, equity securities issued by lower and traditional middle market companies.
