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Stock Market & Financial Investment News

News Breaks
January 29, 2013
16:48 EDTMCGCMCG Capital provides $23.7M in financing to Oceans Healthcare
MCG Capital Corporation announced the closing of a $23.7 million investment in Oceans Acquisition . MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit. Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services. MCG’s investment is made in conjunction with the acquisition of Oceans Healthcare by General Catalyst Partners, a venture capital and growth equity firm with $2.2 billion under management. General Catalyst invests in both early and growth stage companies and partners with exceptional entrepreneurs who are building innovative companies and transforming industries.
News For MCGC From The Last 14 Days
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August 18, 2015
08:53 EDTMCGCPennantPark Floating and Rate MCG Capital close merger
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August 14, 2015
10:52 EDTMCGCPennantPark Floating Rate & MCG Capital stockholders approve merger transaction
PennantPark Floating Rate Capital (PFLT) and MCG Capital (MCGC) announced that at their respective special meetings held today, stockholders of each company overwhelmingly voted to approve the proposals related to the previously announced merger agreement dated April 28, 2015 among MCG, PFLT, two of PFLT's wholly-owned subsidiaries and PFLT's investment adviser. PFLT's stockholders approved the issuance of PFLT common stock in connection with the merger agreement, with approximately 89% of the shares voted at the special meeting voting in favor of the proposal. MCG's stockholders approved the merger agreement and the merger, with more than 90% of the shares voted at the special meeting voting in favor of the proposal. The merger is expected to close on or about August 18, 2015.

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