Full Circle Capital Announces Closing of Two Loan Transactions Representing $10.4 Million of Commitments
April 01 2013 - 4:15PM
Business Wire
Full Circle Capital Corporation (NASDAQ:FULL) announced the
closing of two senior secured credit facilities representing a
total of $10.4 million of commitments.
Full Circle Capital provided a $6.0 million senior secured
credit facility to Modular Process Control, LLC (MPC), a
professional engineering services firm focused on energy efficiency
solutions for industrial companies. MPC has been operating for over
30 years and is based in Chesterfield, Missouri. The credit
facility consists of a senior revolving line of credit and a senior
term loan. Proceeds of the financing are to be used for debt
refinancing, to fund growth projects and for working capital.
Full Circle Capital also closed a $4.4 million senior secured
credit facility with Pristine Environments, Inc. (PEI), which
provides facilities maintenance services to large commercial and
government clients. PEI is headquartered in McLean, Virginia and
has operations nationwide. The credit facility consists of a senior
revolving line of credit and a senior term loan. Proceeds of the
facility are to be used to partially fund an acquisition and for
working capital.
About Full Circle Capital
Full Circle Capital Corporation (Nasdaq: FULL) 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. 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 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.
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