TITLE

GSC Finds Backer

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
April 2010
SOURCE
Mergers & Acquisitions Report;4/19/2010, Vol. 23 Issue 16, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of business development firm GSC Investment Corp. to sign a recapitalization deal which gives CLO Partners and private equity company Saratoga Investment Advisors a minority stake in the firm. It says that the deal is supported by a senior secured revolving credit facility worth 40 million U.S. dollars from Madison Capital Funding. According to the author, GSC faced liquidity issues during the credit crisis, after which it has been de-leveraging. The terms of the deal are also discussed.
ACCESSION #
49716276

 

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