MCG Capital Provides $16.8 Million in Financing to Support Acquisition by Chase Doors Holdings, Incorporated
ARLINGTON, Va.--(BUSINESS WIRE)-- MCG Capital Corporation (NAS: MCGC) ("MCG") today announced the closing of a $16.8 million investment in Chase Doors Holdings, Inc. ("Chase"). MCG's investment consists of a subordinated term loan.
Chase is a leading manufacturer of high-quality, made-to-order specialty door systems used in a variety of commercial and industrial applications. Chase is a portfolio company of Sentinel Capital Partners, a private equity firm with more than $1.3 billion of capital under management.
About MCG Capital Corporation
MCG Capital Corporation is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies throughout the United States. Our investment objective is to achieve current income and capital gains. Our capital is generally used by our portfolio companies to finance acquisitions, recapitalizations, buyouts, organic growth and working capital. For more information, please visit www.mcgcapital.com.
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements for purposes of the safe harbor protection under applicable securities laws.Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms.Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in MCG's Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 filed with the Securities and Exchange Commission under the section "Risk Factors," as well as other documents that may be filed by MCG from time to time with the Securities and Exchange Commission.As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein.MCG is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
MCG Capital Corporation
Keith Kennedy, 703-247-7513
KEYWORDS: United States North America Virginia
The article MCG Capital Provides $16.8 Million in Financing to Support Acquisition by Chase Doors Holdings, Incorporated originally appeared on Fool.com.
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