05 Jan Riveria & Alcentra Invest in Alpine Waste Management
NEW YORK, Jan. 5, 2015 /PRNewswire/ — Alcentra Capital Corporation (NASDAQ Global Select Market: “ABDC”) (“Alcentra”) announced today that Alcentra has provided $14.0 million in a Second Lien Term Loan commitment to Alpine Disposal, Inc. (“Alpine” or the “Company”), of which $9.0 million was initially funded. The investment would allow the Company to pay down a portion of its existing debt, and finance the purchase of new recycling equipment for its materials recycling facility (MRF).
Alpine is a Denver, Colorado-based waste management and recycling company, doing business as Alpine Waste & Recycling, and serving commercial and multitenant residential customers in the greater Denverarea.
About Alcentra Capital Corporation
Alcentra (www.alcentracapital.com) 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.
About Alcentra NY, LLC
Alcentra NY, LLC is part of BNY Alcentra Group Holdings, Inc. (“Alcentra Group”), one of the world’s leading sub-investment grade credit asset managers focusing on the U.S. and European markets. Alcentra Group has an investment track record that spans across 50 separate investment funds totaling approximately $24 billion (including accounts managed by Alcentra NY, LLC, Alcentra Ltd, and assets managed by Alcentra Group personnel for affiliates under dual officer arrangements.)
About Alpine Waste & Recycling
Alpine Waste & Recycling is the largest privately held commercial waste, recycling and compost collection company in Colorado. Founded in 1999 as a single-truck operation, the company has parlayed a customer-service and sustainability focus into a compound annual revenue growth rate of greater than 35 percent over 13 years. With more than 80 trucks and more than 200 employees, Alpine handles more than 300,000 tons of waste and recycle products per year. In 2009, the Colorado Association for Recycling named Alpine as the state’s most outstanding business for its recycling/diversion program (Altogether Recycling™). In 2008 and 2012, ColoradoBiz Magazine named Alpine as the state’s Top Company (Service Category) and Top Company Finalist, respectively; and in 2010 named Alpine as a “Colorado Company to Watch.” Commerce City named Alpine as its 2010 Small Business of the Year; and the Metro Denver Chamber of Commerce named Alpine in 2011 as a Finalist for Green Company of the Year Award. Last year, Alpine was named as the recipient of the ACG’s 2012 Emerging Growth Award. Information: 303-744-9881, or go to www.alpinewaste.com.
Statements included herein may contain “forward-looking statements,” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus filed with the Securities and Exchange Commission on May 9, 2014. Alcentra undertakes no duty to update any forward-looking statement made herein except as required by law. All forward-looking statements speak only as of the date of this press release.
SOURCE Alcentra Capital Corporation