UNLOCK THE POWER OF THE VAULT

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.

Article Located Here

 

Print Friendly, PDF & Email
Go Back
Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
April 14, 2016

The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.