Capitala Finance Corp.(the "Company" or "Capitala") (Nasdaq:CPTA) announced today that its portfolio company, Boot Barn Holdings, Inc. ("Boot Barn") (NYSE:BOOT) completed its initial public offering at $16.00 per share, and began trading on October 30, 2014. In exchange for Capitala's original equity investment, Capitala received 600,000 shares of Boot Barn's publicly-traded common stock, subject to a 180 day lock-up period.
Capitala's investment in Boot Barn is the latest example of the Company's effort to provide its investors additional returns beyond those achieved by interest and fees on its debt portfolio. Since inception of the Company's SBIC subsidiaries in 2002 and 2007, the Company, together with its SBIC subsidiaries prior to the Company's initial public offering, have collectively exited equity investments in 14 portfolio companies, representing $13.7 million of invested capital, through September 30, 2014. Those investments, through September 30, 2014, have generated gross gains totaling $30.0 million, gross losses totaling $4.0 million, for a net gain of $26.0 million. In addition, during that time, the Company, together with its SBIC subsidiaries prior to the Company's initial public offering, also periodically received detachable penny warrants in their respective portfolio companies, generating $27.5 million of realized cash proceeds.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. The Company is managed by Capitala Investment Advisors, LLC. For more information about the Company, please visit www.capitalagroup.com.
