Flat Rock Capital has entered into a $20 million financing facility with AloStar Capital Finance, a division of State Bank and Trust.

“We are excited to complete another milestone transaction in the growth of Flat Rock Capital that increases our ability to finance the growth of middle market businesses throughout the U.S.” said Robert Grunewald, CEO of Flat Rock Global. “We are pleased that AloStar has chosen to partner with us in our mission to deliver an attractive dividend yield to investors through investments in first lien, floating rate, middle market loans”.

Flat Rock Capital invests in first liens loans to U.S. middle market businesses to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors.