Alcentra to reduce revolver borrowings using funds from new notes

By Marisa Wong

Madison, Wis., April 17 – Alcentra Capital Corp. said it intends to repay some of the outstanding borrowings under its revolving credit facility using proceeds from an offering of notes.

The company issued $40 million of five- to seven-year notes with a weighted average interest rate of 6.38%, according to a news release.

Alcentra is a New York-based externally managed, closed-end, non-diversified management investment company. Its investment activities are managed by adviser Alcentra NY, LLC.

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