Mergers and Acquisitions Reports covers GSC recapitalization deal

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An article in the April 15th edition of Mergers and Acquisitions Reports covered the details of Venable client GSC Investment Corp.'s recent $55 million recapitalization plan to cure its debt default. Venable LLP served as Maryland counsel in the deal and was mentioned in the article.

Saratoga Investment Advisors, LLC and CLO Partners LLC agreed to purchase a minority stake in GSC as part of a recapitalization plan to enable the company to grow its business of lending to middle-market companies. GSC has been in default under its credit facility since last July.

Venable attorneys Sharon Kroupa, Carmen Fonda and Hirsh Ament served as GSC Investment Corp.'s legal counsel on Maryland law and related matters.