MCLEAN, Va., Feb. 24, 2017 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation(NASDAQ:GLAD) announced that it has completed a $29 million senior secured debt investment in support of Spire Capital’s merger of one of its portfolio companies, NetFortris Corp., with Fonality Inc.
Headquartered in Seattle, NetFortris delivers cloud communications solutions that enable people to work, collaborate, and deliver customer service where and when business calls.
"Spire Capital is a proven financial sponsor devoted to operational excellence and we are excited to partner with them on this important transaction. The merger of NetFortris and Fonality establishes a unique combination of service capabilities, proprietary technology and management talent," said Mike McQuigg, a Managing Director of Gladstone Capital.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities, consisting primarily of secured first and second lien term loans to lower middle market companies in the United States. Information on the business activities of Gladstone Capital and all the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.