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Alcentra Capital Provides $10MM Term Loan to Radiant Logistics

April 08, 2015, 07:18 AM
Filed Under: Transportation

Alcentra Capital Corporation  has provided $10 million in a subordinated secured term loan to Radiant Logistics, Inc. in support of its acquisition of Wheels Group Inc., one of the largest non-asset based third party logistics providers based in Canada.

Radiant is a non-asset based transportation and logistics company providing domestic and international freight forwarding services and an expanding array of value-added solutions, including customs and property brokerage, order fulfillment, inventory management and warehousing.

Alcentra is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Alcentra's investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments. Alcentra's investment activities are managed by its investment adviser, Alcentra NY, LLC.







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