Capitala Finance adds lenders, lifts total commitments to $80 million

By Susanna Moon

Chicago, Jan. 8 – Capitala Finance Corp. said it increased total commitments under its credit facility to $80 million from $50 million.

The boost in commitments is the result of exercising the accordion and adding lenders for a total of five, according to a company press release.

The accordion allows for an increase in total commitments under the facility up to $150 million.

Proceeds will give the company access to additional financing to support its future investment and operations.

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

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