Capitala Group Announces CSLF II Credit Facility
September 26 2019 - 7:45AM
Capitala Senior Loan Fund II, LLC, (“CSLF II”), announced today the
closing of a credit facility with KeyBank Specialty Finance Lending
(“KeyBank”), an affiliate of KeyCorp (NYSE:KEY), and CSLF II.
CSLF II is a joint venture between Capitala Finance and a leading
insurance company, with a longstanding relationship with Capitala,
and invests in senior secured loans to lower middle market
companies.
The partnership, with $50 million of junior capital invested by
both Capitala Finance Corp. and the insurance company, continues to
scale, allowing CSLF II to provide additional price-competitive
capital to lower middle-market companies in North America. CSLF II
began investing during the fourth quarter of 2018 and continues to
invest in first-out positions of senior secured loans, allowing
Capitala Finance and certain other unaffiliated Capitala
Group-managed accounts to invest in the same loans, at yields that
satisfy those funds’ return profiles.
“We have proudly partnered with KeyBank in expanding the
capitalization and competitive position of CSLF II,” stated Joe
Alala, III, Chairman and CEO of Capitala Group. “CSLF II and
Capitala Group are in a better position to competitively finance
the dynamic and critical U.S. lower middle market as a result of
this partnership.”
About Capitala GroupCapitala Group is a $3.0
billion asset management firm that has been providing capital to
lower middle market companies throughout North America for twenty
years. Since our inception in 1998, Capitala has invested in over
150 companies and seeks to partner with strong management
teams to create value and generate superior risk-adjusted returns
for our individual and institutional investors. For more
information, visit our website
at www.CapitalaGroup.com.
About Capitala Finance Corp.Capitala Finance
Corp. is a business development company that invests primarily
in first and second lien loans, subordinated debt and, to a lesser
extent, equity securities issued by lower middle market
companies. The Company is managed by Capitala Investment
Advisors, LLC. For more information on Capitala, or to
automatically receive email notifications of Company financial
information, press releases, stock alerts, or other corporate
filings, please visit the Investor Relations section of
our website.
Contacts:
Steve ArnallCFO | Investor
Relations sarnall@capitalagroup.com
Katina Cole Jakubowski Director of Marketing | Communications
kjakubowski@capitalagroup.com
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