Capitala Finance’s $100 million 7.125% $25-par notes due 2021 admitted for trading on NYSE

By Stephanie N. Rotondo

Phoenix, June 17 – Capitala Finance Corp.’s $100 million of 7.125% $25-par notes due June 16, 2021 began trading on the New York Stock Exchange on Tuesday, according to a market source.

The deal priced June 12. The ticker symbol is “CLA.”

Deutsche Bank Securities Inc., Keefe Bruyette & Woods and BB&T Capital Markets are the joint bookrunners. Janney Montgomery Scott LLC, Oppenheimer & Co., William Blair and Wunderlich Securities Inc. are the lead managers.

Interest is payable in March, June, September and December. The company can call the notes on or after June 16, 2017 at par plus accrued interest.

Proceeds will be used for new investments in portfolio companies in accordance with the company’s investment objective and strategies and for general working capital purposes. The funds will also go toward operating expenses, including advisory and administrative fees and expenses, and may include other expenses such as due diligence expenses of potential new investments.

Capitala is a Charlotte, N.C.-based externally managed non-diversified closed-end management investment company.

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