Capitala Finance: Surges on receiving repayments from portfolio companies

Logan Ridge Finance

15/07/2020 13:36

** Shares of asset management firm  CPTA.O  surge 51% to
$3.10 premarket 
    ** Co, Tuesday after markets, said it received over $51.1
mln in repayments from its portfolio companies during Q2
 urn:newsml:reuters.com:*:nFWN2EL0DB
    ** CPTA said refunds included $17.8 mln in full repayment of
its debt investments in Flavors Holdings Inc and $13.1 mln from
successful wind-down of co's joint venture, Capitala Senior Loan
Fund II, LLC
    ** Co said it now has ~$95.2 mln in cash as of June 30 and
plans to support its existing portfolio cos, invest in new
firms, pay off existing debt obligations and service working
capital needs
    ** Stock down 77% YTD 

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))