KCAP Financial registers $30 million of senior notes with greenshoe

By Toni Weeks

San Diego, Aug. 2 - KCAP Financial, Inc. has registered $30 million of senior notes in an N-2 filing with the Securities and Exchange Commission. The amount includes an over-allotment option.

The internally managed, non-diversified, closed-end investment company will seek to generate current income and capital appreciation by investing in senior secured term loans, mezzanine debt and selected equity securities of privately held middle-market companies.

Katonah Debt Advisors and Trimaran Advisors, KCAP's wholly owned portfolio companies, will serve as advisers for the note offering.

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