SAN FRANCISCO--(BUSINESS WIRE)--Dec. 11, 2017--
Corporate Capital Trust, Inc., a leading business development company,
today announced it has extended the offering period of its previously
announced tender offer (the “Tender Offer”) to purchase up to
$185,000,000 in shares of its common stock. The tender offer is now
scheduled to expire at 5:00 p.m., New York City time, on
December 15, 2017, unless extended or withdrawn.
Broadridge, Inc., the depositary for the Tender Offer, has advised the
Company that as of 5:00 p.m., New York City time, on December 8, 2017,
the last business day prior to the announcement of the extension of the
Tender Offer, 20,262,424 shares of common stock have been properly
tendered pursuant to the Tender Offer and not properly withdrawn.
Shareholders who have already tendered their shares of common stock do
not have to re-tender their shares or take any other action as a result
of the extension of the expiration date of the Tender Offer.
Broadridge, Inc. is acting as information agent for the Company in the
Tender Offer. Requests for documents and questions regarding the Tender
Offer may be directed to Broadridge, Inc. by telephone, toll-free at
This press release is for informational purposes only and is not an
offer to buy or the solicitation of an offer to sell any securities of
the Company. The Company expects to use available cash and/or borrowings
under its existing senior secured revolving credit facility to purchase
shares in the Tender Offer and to pay for all related fees and expenses.
The full details of the Tender Offer, including complete instructions on
how to tender shares, are included in the Offer to Purchase, dated
November 14, 2017, the related Letter of Transmittal and the other
documents related to the Tender Offer (collectively, the “Tender
Materials”), which the Company has filed with the Securities and
Exchange Commission (the “SEC”) and has disseminated to shareholders.
Shareholders are urged to carefully read the Tender Materials because
they contain important information, including the terms and conditions
of the Tender Offer. Shareholders may obtain free copies of the Tender
Materials at the SEC’s website at http://www.sec.gov.
Questions and requests for assistance by shareholders may be directed to
Broadridge, Inc. at (855) 793-5068 (toll-free). In addition,
shareholders may obtain free copies of the Company’s filings with the
SEC from the Company’s website at: www.CorporateCapitalTrust.com
or by contacting the Company at 555 California Street, 50th Floor, San
Francisco, California 94104 or by phone at (415) 315-3620.
About Corporate Capital Trust
Corporate Capital Trust is a business development company that provides
investors an opportunity to access middle market direct lending
investments. The Company is externally managed by KKR Credit Advisors
(US) LLC (“KKR”), a subsidiary of KKR & Co. LLP (“KKR & Co.”), 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 companies, with a focus on originated transactions. For
additional information, please visit www.corporatecapitaltrust.com.
KKR & Co. is a leading global investment firm that manages multiple
alternative asset classes, including credit, private equity, energy,
infrastructure and real estate, and, through its strategic manager
partnerships, hedge funds. KKR & Co. aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation with KKR & Co. portfolio companies. KKR & Co. invests its own
capital alongside its partners' capital and provides financing solutions
and investment opportunities through its capital markets business.
References to KKR’s investments may include the activities of its
sponsored funds. For additional information about (NYSE: KKR), please
visit KKR's website at http://www.kkr.com
and on Twitter @KKR_Co.
The information in this press release may include “forward-looking
statements.” These statements are based on the beliefs and assumptions
of the Company’s management and on the information currently available
to management at the time of such statements. Forward-looking statements
generally can be identified by the words “believes,” “expects,”
“intends,” “plans,” “estimates” or similar expressions that indicate
future events. Important factors that could cause actual results to
differ materially from the Company’s expectations include the ability to
complete the Tender Offer and other factors disclosed in the Company’s
filings with the SEC, including the Company’s annual report on Form 10-K
for the year ended December 31, 2016, which was filed with the SEC on
March 20, 2017. The Company undertakes no obligation to update such
statements to reflect subsequent events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171211005528/en/
Source: Corporate Capital Trust
Kristi Huller or Cara Major
Danny McMahon or Donna Bass