Capitala Group (“Capitala”), a provider of capital to lower and traditional middle market companies, announced today that it recently invested $20.0 million in Sur La Table, Inc. (“the Company”), a premium chain retailer of a variety of upscale cooking and dining supplies.
Capitala Finance Corp., a business development company managed by Capitala, (Nasdaq:CPTA) invested $15.0 million of senior secured debt, with the remaining $5.0 million invested by Capitala Group affiliated funds.
Based out of Seattle, WA, Sur La Table, Inc. is a multi-channel retailer that sells through 132 stores in the United States, as well as through its catalog, website and gift registry. It offers a broad selection of premium quality kitchenware brands and products to assist in the preparation and presentation of cooking. In addition, the Company offers the largest avocational culinary instruction program in the United States, teaching over 100,000 cooking enthusiasts each year. The Company currently has 132 locations (of which 28 are mall-based), 74 of which offer culinary programs.
About Capitala Group
Capitala Group is a leading provider of capital to lower and traditional middle market companies, through its family of credit focused funds. Since 1998, Capitala Group's managed funds have participated in over 133 transactions, representing over $1.2 billion of investments in a variety of industries throughout North America. Capitala Group manages both public capital (Capitala Finance Corp.) (Nasdaq:CPTA) and private capital (Capitala Private Credit Fund V, L.P. and CapitalSouth SBIC Fund IV, L.P.) for institutional and individual investors, and seeks to partner with strong management teams to create value and serve as long term partners. For more information, please visit www.CapitalaGroup.com.
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 on Capitala, or to automatically receive email notifications of Company financial information, press releases, stock alerts, or other corporate filings, please visit the Investor Relations section of our website.
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 Capitala’s filings with the Securities and Exchange Commission. Capitala Finance Corp. 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.