Capitala to redeem some 7.125% notes with proceeds of new offering

New York, May 9 – Capitala Finance Corp. plans to redeem some of its $113.4 million of 7.125% notes due 2021 with proceeds of a new offering of notes.

The company announced Tuesday that it intends to offer $50 million of $25-par notes due 2022 via Ladenburg Thalmann & Co. Inc., BB&T Capital Markets, Janney Montgomery Scott LLC, William Blair & Co. LLC and Wunderlich Securities, Inc. as joint bookrunners.

Capitala is a Charlotte, N.C.-based business development company that invests primarily in first- and second-lien subordinated debt and, to a lesser extent, equity securities issued by lower and traditional middle-market companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.