Capitala Finance Corp. Announces Portfolio Activity

Rhea-AI Summary

Capitala Finance Corp. reported significant portfolio activity for Q2 2020, receiving over $51.1 million in repayments. This includes $17.8 million from Flavors Holdings and $13.1 million from the wind-down of Capitala Senior Loan Fund II. As of June 30, 2020, the company holds approximately $95.2 million in cash, allowing for ongoing support to portfolio companies and debt obligations. Capitala Finance focuses on providing capital to lower middle market companies, with a history of investing in over 160 companies.

Positive

• Received over $51.1 million in repayments during Q2 2020.
• Cash reserves of approximately $95.2 million as of June 30, 2020, strengthening liquidity.
• Successful wind-down of Capitala Senior Loan Fund II, resulting in $13.1 million.

Negative

• None.

CHARLOTTE, N.C., July 14, 2020 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (the “Company”, “our”, or “Capitala”) announced portfolio activity for the second quarter.

During the second quarter of 2020, the Company received over $51.1 million in repayments from its portfolio companies including $17.8 million in full repayment of its debt investments in Flavors Holdings, Inc. and $13.1 million from the successful wind-down of the Company’s joint venture, Capitala Senior Loan Fund II, LLC.

Management Commentary

Chairman and Chief Executive Officer Joseph B. Alala, III offered the following comments, “After a busy second quarter of portfolio activity, the Company has approximately $95.2 million in cash as of June 30, 2020, which provides Capitala liquidity to support our existing portfolio companies, invest in new portfolio companies, pay off existing debt obligations, and service working capital needs.”

About Capitala Group

Capitala 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 160 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 and traditional 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 Arnall
COO | CFO
sarnall@capitalagroup.com

Katina Cole Jakubowski
Director of Marketing
kjakubowski@capitalagroup.com

FAQ

What was the total repayment amount Capitala Finance Corp. received in Q2 2020?

Capitala Finance Corp. received over $51.1 million in repayments during Q2 2020.

How much cash does Capitala Finance Corp. have as of June 30, 2020?

As of June 30, 2020, Capitala Finance Corp. has approximately $95.2 million in cash.

What company paid off its debt investment of $17.8 million in Q2 2020?

The debt investment of $17.8 million was fully repaid by Flavors Holdings, Inc.

What was the outcome of the joint venture Capitala Senior Loan Fund II?

The joint venture Capitala Senior Loan Fund II was successfully wound down, providing $13.1 million in repayments.