Remora Capital Corporation completed a merger with its partner funds, issuing shares and acquiring a portfolio of assets.
The company transitioned to operate as a business development corporation (BDC) regulated entity post-mergers.
Secured a new credit facility with Atlas Securitized Products Administration, L.P., with improved terms for financing operations.
Merger Details
Merged with partner funds, issuing 16,213,447 shares of common stock and 332,696 shares of preferred stock.
Transition to BDC
Transitioned to operate as a BDC post-mergers, providing advantages to shareholders.
New Credit Facility
Secured a new credit facility with improved terms from Atlas Securitized Products Administration, L.P.
Crescent Capital Group Partnership
Added Crescent Capital Group LP as a new sub-advisor, enhancing access to lending opportunities.
Financial Reporting
Issued first quarterly report as a public reporting company, highlighting financial performance post-mergers.
- Transitioning to a BDC allows for increased regulatory oversight and access to specialized financing options.
- Partnership with Crescent Capital Group enhances diversification and sourcing of lending opportunities.
- Financial reporting showcases the company's performance post-mergers and strategic decisions.
The Q3 2025 shareholder letter reflects the successful merger, transition to a BDC, strategic partnerships, and financial performance post-mergers, emphasizing shareholder value and growth.