RYE BROOK, N.Y., May 17, 2011 /PRNewswire/ -- Full Circle Capital
Corporation (NASDAQ: FULL) announced the closing of a
$5.0 million senior secured credit
facility issued to CSL Operating, LLC ("CSL"), a provider of metal
treatment services for the technology, aerospace, medical, and
energy industries. CSL is based in Santa Clara, California. The financing
enabled the acquisition by CSL Operating, LLC of the assets and
business of CSL, Inc. and will provide capital for future growth
projects.
About Full Circle: Full Circle Capital Corporation ("Full
Circle Capital") is a Rye Brook, New
York based closed-end investment company that has elected to
be treated as a business development company under the Investment
Company Act of 1940 (NASDAQ: FULL). Full Circle Capital lends to
and invests in senior secured loans and, to a lesser extent,
mezzanine loans and equity securities issued by smaller and lower
middle-market companies that operate in a diverse range of
industries. Full Circle Capital's investment objective is to
generate both current income and capital appreciation through debt
and equity investments. For additional information visit the
company's web site at www.fccapital.com.
Forward-Looking Statements
This press release contains forward-looking statements which
relate to future events or Full Circle Capital's future performance
or financial condition. Any statements that are not statements of
historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," "estimates" and
similar expressions) should also be considered to be
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 Full Circle Capital's filings with the Securities and
Exchange Commission. Full Circle Capital undertakes no duty to
update any forward-looking statements made herein.
Company Contact:
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Investor Relations
Contacts:
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John E. Stuart, CEO
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Stephanie Prince/Jody
Burfening
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Full Circle Capital
Corporation
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Lippert/Heilshorn &
Associates
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914-220-6300
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212-838-3777
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Jstuart@fccapital.com
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sprince@lhai.com
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SOURCE Full Circle Capital Corporation