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Article: Allied Capital Closes Buyout of Leading Regional Records Management Company.
- Article from:
- Business Wire
- Article date:
- January 10, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON -- Allied Capital Corporation (NYSE:ALD) announced today that it has invested $79.5 million of debt and equity to complete the buyout of CitiPostal, Inc., a leading full-service document storage and management company based in Brooklyn, NY doing business as "CitiStorage" and "US Document Security." Allied Capital's investment took the form of senior secured unitranche notes, subordinated notes and a majority of the common equity. Management of CitiPostal made a significant investment in the subordinated notes and common equity alongside Allied Capital.
In addition, Allied Capital invested $20.8 million of subordinated notes in 10th Street, LLC, an ...