Tuesday, July 22, 2014

Capitala Finance reports $22.6M in 2nd quarter investments

Capitala Finance Corp., a SouthPark-based company that invests in other businesses, reported Tuesday that it made about $22.6 million new investments in the second quarter.

Also during the quarter, the company completed a public offering of notes that generated $113 million in gross proceeds and priced $100 million in notes that will be used to continue its investments.

So far in the third quarter, the company has made about $26.5 million in new investments.

Capitala went public last year. It makes debt and equity investments in small and lower-middle-market companies.

The company will hold a second-quarter conference call Aug. 13.