AP NEWS

Capitala Group Announces $25.4 Million Exit of Vintage Stock, Inc.

June 12, 2018

CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun 12, 2018--Capitala Group (“Capitala”), a provider of capital to lower and traditional middle market companies, is pleased to announce that it recently fully exited its senior secured debt investment in Vintage Stock, Inc. (”Vintage Stock”), a leading supplier of new and used entertainment products.

On June 7, 2018, Capitala was repaid at par for its first lien debt investment in Vintage Stock and received $25.4 million. Vintage Stock represents the seventh successful exit for Capitala in the past 12 months.

Capitala recently announced a successful raise of $1.0 billion in permanent capital, Capitala Specialty Lending Corp., as well as the opening of its sixth office location in New York City.

About Capitala Group

Capitala Group is a leading provider of capital to lower and traditional middle market companies. Since 1998, Capitala Group has grown to be a $2.7 billion investment firm whose managed funds have invested in over 145 businesses, representing over $1.4 billion of investments in a variety of industries throughout North America. Capitala’s approach to investing, whether in its growth fund strategy or its lower middle market credit strategy, has proven to be a reliable and attractive financing solution to our partners. Capitala Group manages both public capital (Capitala Finance Corp.) (Nasdaq:CPTA) and private capital (Capitala Private Credit Fund V, L.P.; CapitalSouth SBIC Fund IV, L.P.; and Capitala Specialty Lending Corp.) for institutional and individual investors, and seeks to partner with strong management teams to create value and serve as long term partners. For more information visit our website at www.CapitalaGroup.com.

Forward-Looking Statements

This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Capitala’s filings with the Securities and Exchange Commission. Capitala Finance Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180612005777/en/

CONTACT: Capitala Finance Corp.

Stephen Arnall, 704-376-5502

Chief Financial Officer

sarnall@capitalagroup.com

KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Capitala Finance Corp.

Copyright Business Wire 2018.

PUB: 06/12/2018 07:45 AM/DISC: 06/12/2018 07:45 AM

http://www.businesswire.com/news/home/20180612005777/en

AP RADIO
Update hourly