Thursday, June 12, 2014

Capitala issues bonds to invest in small businesses

Charlotte-based Capitala Finance Corp. announced Thursday that it has priced $100 million worth of notes that will be used to continue its investments in privately held small and middle-market businesses.

The notes are set to be listed on the New York Stock Exchange and will pay a 7.125 percent quarterly interest rate.

The announcement comes less than a year after the company completed an $80 million initial public offering. Capitala operates out of offices in the SouthPark area.