Full Circle Capital Announces $9.0 Million Financing for Infinite Aegis Group, LLC
August 05 2013 - 4:36PM
Business Wire
Full Circle Capital Corporation (NASDAQ: FULL) (“Full Circle
Capital”), today announced the closing of a $9.0 million senior
secured credit facility (the “Credit Facility”) with Infinite Aegis
Group, LLC (“Infinite Aegis”). The Credit Facility consists of a
senior revolving line of credit and a senior term loan, and is an
example of Full Circle Capital’s application of stretch senior, or
unitranche, capital solutions. Full Circle Capital retained $5.0
million of the Credit Facility and the remaining $4.0 million
balance was provided by another lender.
Infinite Aegis, based in Denver, Colorado, provides revenue
cycle management services to healthcare service providers including
large hospital systems and doctor owned clinics. Proceeds of the
Credit Facility were used to fund the acquisition of Rocky Mountain
Urgent Care, which owns and operates nine urgent care centers in
Colorado, and Rocky Mountain Medical Group, which owns and operates
three occupational medicine centers in Colorado.
About Full Circle Capital: 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 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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