Full Circle Capital Announces Closing of Two Loan Transactions Representing $10.4 Million of Commitm
Apr 1st 2013 4:36PM
Updated Apr 1st 2013 4:40PM
Full Circle Capital Announces Closing of Two Loan Transactions Representing $10.4 Million of Commitments
Full Circle Capital provided a $6.0 million senior secured credit facility to Modular Process Control, LLC (MPC), a professional engineering services firm focused on energy efficiency solutions for industrial companies. MPC has been operating for over 30 years and is based in Chesterfield, Missouri. The credit facility consists of a senior revolving line of credit and a senior term loan. Proceeds of the financing are to be used for debt refinancing, to fund growth projects and for working capital.
Full Circle Capital also closed a $4.4 million senior secured credit facility with Pristine Environments, Inc. (PEI), which provides facilities maintenance services to large commercial and government clients. PEI is headquartered in McLean, Virginia and has operations nationwide. The credit facility consists of a senior revolving line of credit and a senior term loan. Proceeds of the facility are to be used to partially fund an acquisition and for working capital.
About Full Circle Capital
Full Circle Capital Corporation (NAS: FULL) is a Rye Brook, New York based closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Full Circle Capital lends to and invests in senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by smaller and lower middle-market companies that operate in a diverse range of industries. Full Circle Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments. For additional information visit the company's web site www.fccapital.com.
This press release contains forward-looking statements which relate to future events or Full Circle Capital's future performance or financial condition. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Full Circle Capital's filings with the Securities and Exchange Commission. Full Circle Capital undertakes no duty to update any forward-looking statements made herein.
Full Circle Capital Corporation
John E. Stuart, CEO, 914-220-6300
Lippert/Heilshorn & Associates
Stephanie Prince/Jody Burfening, 212-838-3777
KEYWORDS: United States North America Missouri New York Virginia
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