CHARLOTTE, N.C., June 11, 2014 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (Nasdaq:CPTA) (the "Company") today announced the commencement of a registered public offering of Notes due 2021 (the "Notes"). The Notes have been approved for listing on the New York Stock Exchange and the Company expects trading to commence thereon within 30 days of the original issue date under the trading symbol "CLA."
Deutsche Bank Securities Inc., BB&T Capital Markets and Keefe, Bruyette & Woods, Inc. are acting as joint book-running managers for the offering. Janney Montgomery Scott LLC, Oppenheimer & Co. Inc., William Blair & Company, LLC and Wunderlich Securities, Inc. are acting as lead managers for the offering. Ladenburg Thalmann & Co., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), J.J.B. Hilliard, W.L. Lyons, LLC and Sandler O'Neill & Partners, L.P. are acting as co-managers for the offering.
The Company intends to use the net proceeds from this offering to make investments in privately held smaller and lower middle-market companies in the United States and for general working capital purposes.
A registration statement relating to the Notes was filed with the Securities and Exchange Commission but has not yet become effective. The Notes may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This offering may be made solely by means of a preliminary prospectus and the related final prospectus, copies of which may be obtained, when available, from any of the following investment banks: Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, or by emailing prospectus.cpdg@db.com (telephone number 1-800-503-4611); BB&T Capital Markets, Attn: Prospectus Group, 901 East Byrd Street, 3rd Floor, Richmond, VA 23219, or by emailing prospectusrequests@bbandtcm.com; or Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, Fourth Floor New York, NY 10019 (telephone number 1-800-966-1559). Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus dated June 11, 2014, which has been filed with the Securities and Exchange Commission, contains such information and other information about the Company and should be read carefully before investing.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by smaller and lower middle-market companies. The Company is managed by Capitala Investment Advisors, LLC.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to the Company's securities offering and the anticipated use of the net proceeds of the offering. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the securities offering discussed above will be consummated on the terms described or at all. Completion of the securities offering and the terms thereof are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, market conditions, changes in interest rates, failure of customary closing conditions and the risk factors and other matters set forth in the Company's preliminary prospectus dated June 11, 2014. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
CONTACT: Capitala Finance Corp.
Stephen Arnall, Chief Financial Officer
704-376-5502
sarnall@capitalsouthpartners.com
