KCAP Financial set to redeem all $7 million of 7.375% notes due 2019

By Sarah Lizee

Olympia, Wash., Oct. 24 – KCAP Financial, Inc. plans to redeem all $7 million of its 7.375% $25-par senior notes due 2019, according to an 8-K filing with the Securities and Exchange Commission.

U.S. Bank NA is the trustee.

The notes will be redeemed on Nov. 26 at par plus the accrued interest up to but excluding the redemption date.

KCAP Financial is a New York-based business development company that originates, structures and invests in senior secured term loans, mezzanine investments and selected equity securities in middle market companies.

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