PHILADELPHIA, June 27, 2016 /PRNewswire/ -- Franklin Square Capital Partners (Franklin Square), the largest manager of business development companies (BDCs), announced a $50 million upsizing of its senior secured unitranche loan to
A.P. Plasman, Inc., a designer and manufacturer of exterior trim products for a variety of
industries, to support its acquisition of Plastal Industri, a supplier of exterior painted trim products for the automotive
industry. A.P. Plasman is a portfolio company of Insight Equity, a New
York-based middle market private equity investment firm.
The financing was provided by FS Investment
Corporation (NYSE: FSIC), a BDC managed by an affiliate of Franklin Square and sub-advised by an affiliate of GSO Capital
Partners LP (GSO). The upsized deal represents FSIC's sixth round of funding for A.P. Plasman.
The Plastal Industri acquisition establishes a European presence for A.P. Plasman, diversifies
the company's product mix and expands its customer base.
About Franklin Square
Franklin Square is a leading manager of alternative investment funds designed to enhance
investors' portfolios by providing access to asset classes, strategies and asset managers that typically have been available to
only the largest institutional investors. The firm's funds offer "endowment-style" investment strategies that help construct
diversified portfolios and manage risk. Franklin Square strives not only to maximize investment
returns but also to set the industry standard for best practices by focusing on transparency, investor protection and education
for investment professionals and their clients.
Founded in Philadelphia in 2007, Franklin Square quickly established itself as a leader in
the world of alternative investments by introducing innovative credit-based income funds, including the industry's first
non-traded BDC. As of March 31, 2016, the firm managed approximately $17
billion in total assets, including $15.4 billion in BDC assets, making it the largest
manager of BDCs. For more information, please visit www.franklinsquare.com.
Contact Information:
Franklin Square Media Team
media@franklinsquare.com
215-495-1174
Dominic Mammarella
Investor Relations
dominic.mammarella@franklinsquare.com
215-220-4280
About Blackstone and GSO
Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for
our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and
flexible capital to help companies solve problems. Our asset management businesses, with approximately $344 billion in assets under management, includes investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information
is available at www.blackstone.com. Follow Blackstone on
Twitter @Blackstone.
GSO is the global credit investment platform of Blackstone. With approximately $79 billion of
assets under management, GSO is one of the largest alternative managers in the world focused on the leveraged-finance, or
non-investment grade related, marketplace. GSO seeks to generate attractive risk-adjusted returns in its business by investing in
a broad array of strategies including mezzanine debt, distressed investing, leveraged loans and other special-situation
strategies. Its funds are major providers of credit for small and middle-market companies and they also advance rescue financing
to help distressed companies.
Forward-Looking Statements and Important Disclosures
This press release may contain certain forward-looking statements, including statements with regard to the future performance
or operations of FSIC. Words such as "believes," "expects," "projects" 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. Certain factors could cause actual results to differ materially from those projected in these
forward-looking statements, and some of these factors are enumerated in the filings FSIC makes with the U.S. Securities and
Exchange Commission. FSIC undertakes no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Individual investors and endowments may have different investment horizons, liquidity needs and risk tolerances. In addition,
fees that may be incurred by an investor in a fund sponsored by Franklin Square may be different
than fees incurred by an endowment investing in similar assets as those in which the funds invest.
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SOURCE Franklin Square Capital Partners