Garrison Capital - Investor Relations

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Garrison Capital Inc. is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. In addition, we have elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986. We are publicly traded on the Nasdaq Global Select Market under the ticker symbol "GARS".

Our investment objective is to generate current income and capital appreciation through making investments primarily in direct loans and debt investments in U.S. based middle-market companies, which we define as those having annual earnings before interest, taxes , depreciation and amortization, or EBITDA, ranging between $5 million and $50 million.

Our goal is to generate attractive risk-adjusted returns to our stockholders by assembling a broad portfolio of investments while limiting the downside potential of our investments by:

  • Generally limiting investments to less than $10.5 million per transaction;
  • Maintaining an emphasis on capital preservation;
  • Targeting an unlevered annual effective yield on cost between 7% and 11%, excluding any warrants or other equity interests received by us as part of such investment;
  • Making investments which afford us a significant capital cushion in the form of junior capital and/or asset coverage as well as adequate lender protections in loan documentation; and
  • Selecting investments that our investment adviser believes have a low probability of loss.

We are managed by our investment adviser, Garrison Capital Advisers LLC, an affiliate of Garrison Investment Group, and a registered investment adviser under the Investment Advisers Act of 1940 which provides the resources and expertise of the investment professionals at Garrison Investment Group. Garrison Investment Group's investment professionals have substantial experience in identifying and executing financing transactions across a broad range of industries and types of financings and have developed related proprietary sourcing and servicing channels. Our seven member investment committee has significant experience investing in a broad range of industries and types of debt over the course of several economic cycles.

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