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Intention to Increase Credit Facility by $50 Million

21 Mar 2017 16:52

JZ Capital Partners Ltd - Intention to Increase Credit Facility by $50 Million

JZ Capital Partners Ltd - Intention to Increase Credit Facility by $50 Million

PR Newswire

London, March 21

JZ CAPITAL PARTNERS LTD 

JZ CAPITAL PARTNERS INTENDS TO INCREASE CREDIT FACILITY BY $50 MILLION 

21 March 2017

JZ Capital Partners Limited (LSE:JZCP.L or “JZCP”), the London listed fund that invests in US and European micro-cap companies and US real estate, today announces its intention to increase its c.$100 million credit facility with Guggenheim Partners by $50 million.

The purpose of this increase in borrowings is to provide additional liquidity to JZCP in order to bridge certain planned realisations. The entire $150 million facility may be repaid, in whole or in part, with no penalty after June 2017.

Ends

For further information:

Ed Berry / Kit Dunford +44 (0) 20 3727 1143FTI Consulting

David Zalaznick +1 212 485 9410Jordan/Zalaznick Advisers, Inc.

Teresa Le Couteur-Tembo +44 (0) 1481 745741JZ Capital Partners 

About JZCP

JZCP is a London listed fund which invests in US and European micro-cap companies and US real estate. Its objective is to achieve an overall return comprised of a current yield and capital appreciation. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. (“JZAI”) which is led by David Zalaznick and Jay Jordan. They have worked together for 30 years and are supported by teams of investment professionals in New York, Chicago, London and Madrid. JZAI’s experts work with the existing management of micro-cap companies to help build better businesses, create value and deliver strong returns for investors. JZCP also invests in mezzanine loans, first and second lien investments and other publicly traded securities. For more information please visit www.jzcp.com

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