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Franklin Square Upsizes Commitment to A.P. Plasman by $50 Million

June 29, 2016

 

 


Franklin Square Upsizes Commitment to A.P. Plasman by $50 Million

Jun 28 2016 | by DI Wire

money-buildingFranklin Square Capital Partners, a manager of business development companies, announced a $50 million upsizing of its senior secured unitranche loan to A.P. Plasman, Inc., a designer and manufacturer of exterior trim products for a variety of industries.

The loan will be used to support A.P. Plasman’s acquisition of Plastal Industri, a supplier of exterior painted trim products for the automotive industry. A.P. Plasman is a portfolio company of Insight Equity, a New York-based middle market private equity investment firm.

Financing was provided by FS Investment Corporation (NYSE: FSIC), a BDC managed by an affiliate of Franklin Square and sub-advised by an affiliate of GSO Capital Partners LP. The upsized deal represents FSIC’s sixth round of funding for A.P. Plasman.

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