NEW YORK, Dec. 22, 2014 /PRNewswire/ -- Alcentra
Capital Corporation (NASDAQ: ABDC) increased their revolving credit
facility to $115 million. The
revolver was increased by $35.0
million via an amendment. There is an accordion
feature that allows the facility to increase to $160.0 million.
ING Capital LLC is the Agent and Arranger.
About Alcentra Capital Corporation
Alcentra (www.alcentracapital.com) is an externally-managed,
closed-end, non-diversified management investment company that has
elected to be regulated as a business development company under the
Investment Company Act of 1940. Alcentra's investment objective is
to generate both current income and capital appreciation primarily
by making direct investments in lower middle-market companies in
the form of subordinated debt and, to a lesser extent, senior debt
and minority equity investments. Alcentra's investment activities
are managed by its investment adviser, Alcentra NY, LLC.
About Alcentra NY, LLC
Alcentra NY, LLC is part of BNY Alcentra Group Holdings, Inc.
("Alcentra Group"), one of the world's leading sub-investment grade
credit asset managers focusing on the U.S. and European markets.
Alcentra Group has an investment track record that spans across 50
separate investment funds totaling approximately $24 billion (including accounts managed by
Alcentra NY, LLC, Alcentra Ltd, and assets managed by Alcentra
Group personnel for affiliates under dual officer
arrangements).
About ING Capital LLC
ING Capital LLC is a financial services firm offering a full
array of wholesale financial lending products and advisory services
to its corporate and institutional clients. ING Capital is an
indirect U.S. subsidiary of ING Bank NV, part of ING Group (NYSE:
ING), a global financial institution of Dutch origin. The purpose
of ING Bank is empowering people to stay a step ahead in life and
in business. The Investment Industry Finance (IIF) group at ING
Capital offers a broad range of structured finance solutions to its
clients active in the Investment Industry, including business
development companies.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain "forward-looking
statements," which relate to future performance or financial
condition. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of assumptions, risks and uncertainties, which
change over time. Actual results may differ materially from those
anticipated in any forward-looking statements as a result of a
number of factors, including those described from time to time in
filings by the Company with the Securities and Exchange Commission
including the final prospectus filed with the Securities and
Exchange Commission on May 9, 2014.
Alcentra undertakes no duty to update any forward-looking statement
made herein except as required by law. All forward-looking
statements speak only as of the date of this press release.
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SOURCE Alcentra Capital Corporation