Orlando, Fla., July 18, 2017 (GLOBE NEWSWIRE) --Corporate Capital Trust II, a business development company that offers individuals the unique opportunity to invest in the debt of privately owned American companies, has closed on a new credit facility of $70 million, lead and arranged by ING Capital. Additionally, Cadence Bank, N.A. and Seaside National Bank & Trust will be lenders under the credit facility. The credit facility has an accordion feature which allows for expansion up to $200 million.
“There is significant demand for debt investment among middle market companies, and we believe the addition of this credit facility will allow Corporate Capital Trust II to further execute on the opportunities we are seeing,” said Thomas K. Sittema, CEO of Corporate Capital Trust II.
About Corporate Capital Trust II
Corporate Capital Trust II is a non-traded business development company that invests in the debt of privately owned U.S. companies. The company is externally managed by CNL and KKR and its investment objective is to provide shareholders with current income and, to a lesser extent, long-term capital appreciation. The company intends to meet its investment objective by investing primarily in the debt of privately owned U.S. companies, with a focus on originated transactions sourced through the networks of its advisors. For additional information, please visit corporatecapitaltrustii.com.
About CNL Financial Group
CNL Financial Group is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL Financial Group and/or its affiliates have formed or acquired companies with more than $34 billion in assets. For more information, visit cnl.com.
About KKR
KKR is a global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate investment returns by following a disciplined investment approach, employing experienced investment professionals, and driving growth and value creation at the asset level. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR's website at kkr.com and on Twitter @KKR_Co.
