Capitala Finance (CPTA) Sells Portfolio Assets for $47.6M

September 13, 2016 4:31 PM EDT

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Capitala Finance Corp. (Nasdaq: CPTA) (the “Company”) announced today that it has generated approximately $47.6 million in proceeds from the sale of existing investments.

The Company sold a portion of ten existing investments based on June 30, 2016 fair values. Coupled with previously announced investment exits, the Company has substantial liquidity available for the next few quarters. The Company expects to actively invest in directly originated lower middle market investments, as well as opportunities to co-invest with Capitala Private Credit Fund V, LP, which recently completed its first close.

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