UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

___________________________________

 

FORM 8-K

 

Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

 

November 12, 2014 (November 12, 2014)

 

CAPITALA FINANCE CORP.

(Exact name of registrant as specified in its charter)

 

 

Maryland	814-01022	90-0945675
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer Identification No.)
of incorporation)

 

4201 Congress St., Suite 360

Charlotte, NC 28209

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (704) 376-5502

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
Item 7.01 Regulation FD Disclosure

 

On November 12, 2014, Capitala Finance Corp. issued a press release, the text of which is attached hereto as Exhibit 99.1.

 

The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(a)

Not applicable.

 

(b)

Not applicable.

 

(c)

Not applicable.

 

(d)

Exhibits.

  

	Exhibit No.	Description
	99.1	Press release dated November 12, 2014

 

 

  

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  

 

Date: November 12, 2014	CAPITALA FINANCE CORP.
	By:	/s/ Stephen A. Arnall
		Stephen A. Arnall
		Chief Financial Officer

 

Exhibit 99.1

 

 

Capitala Finance Corp. Provides Update Regarding Equity Investments

 

CHARLOTTE, N.C., November 12, 2014 (GLOBE NEWSWIRE) – 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.

 

Forward-Looking Statements

 

This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify 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 the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

 

SOURCE: Capitala Finance Corp.

 

Capitala Finance Corp.

Stephen Arnall, Chief Financial Officer

704-376-5502

sarnall@capitalagroup.com