MVC Capital To Partially Redeem 6.25% Senior Notes Due 2022

Feb 25, 2020

PURCHASE, N.Y., Feb. 25, 2020 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE: MVC) (the “Company”), a publicly traded business development company (BDC) that makes private debt and equity investments has announced that it will partially redeem its 6.25% Senior Notes due 2022 (NYSE: MVCD) (the “Notes”). The Company will redeem $20.0 million principal amount, of the $115 million issued and outstanding Notes on March 26, 2020 (the “Redemption Date”) in accordance with the optional redemption provisions provided in the indenture governing the Notes. The redemption price per Note will be $25, plus accrued and unpaid interest through, but excluding, the Redemption Date. MVC intends to use cash on hand to fund the redemption.

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