FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Full Circle Capital Closes Two Loan Transactions Totaling $10.4MM

April 02, 2013, 04:02 PM


Full Circle Capital announced the closing of two senior secured credit facilities representing a total of $10.4 million of commitments.

Full Circle Capital provided a $6.0 million senior secured credit facility to Modular Process Control, LLC (MPC), a professional engineering services firm focused on energy efficiency solutions for industrial companies. MPC has been operating for over 30 years and is based in Chesterfield, MO. The credit facility consists of a senior revolving line of credit and a senior term loan. Proceeds of the financing are to be used for debt refinancing, to fund growth projects and for working capital.

Full Circle Capital also closed a $4.4 million senior secured credit facility with Pristine Environments, Inc. (PEI), which provides facilities maintenance services to large commercial and government clients. PEI is headquartered in McLean, Virginia and has operations nationwide. The credit facility consists of a senior revolving line of credit and a senior term loan. Proceeds of the facility are to be used to partially fund an acquisition and for working capital.

Full Circle Capital Corporation is a Rye Brook, NY-based closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Full Circle Capital lends to and invests in senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by smaller and lower middle-market companies that operate in a diverse range of industries.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.