Daily News: June 21, 2017

ING Capital Upsizes Capitala Finance Facility

Capitala Finance amended and extended its senior secured revolving credit facility led by ING Capital.

The amended credit facility provides commitments of $114.5 million and an expansion of the accordion feature to $200 million, to accommodate the company’s future growth.

The pricing remains unchanged at LIBOR plus 3.00% but includes a step-down to LIBOR plus 2.75% when certain conditions as outlined in the credit agreement are met. The revolving period was extended to June 16, 2020 while the final maturity was extended to June 16, 2021.

Capitala Finance is a business development company that invests primarily in first and second liens, subordinated debt and equity securities issued by lower and traditional middle-market companies. The company is managed by Capitala Investment Advisors.