OHAI Investment Corporation Repay All Outstanding Amounts Due in Connection with Certain Credit Agreement; Announces Board Changes
December 19, 2019 at 05:22 pm EST
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Immediately prior to and in connection with the completion of the First Merger, OHAI Investment Corporation (company), repaid in full all outstanding amounts due in connection with, and terminated all commitments under, that certain Credit Agreement, dated as of September 9, 2016 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of November 10, 2017, and that certain Amendment No. 2 to Credit Agreement, dated as of September 7, 2018), by and among the Company, the lenders party thereto and MidCap Financial Trust, as administrative agent for each of the lenders.
Pursuant to the Merger Agreement, as of the Effective Time, each of the named executive officers and directors of the Company ceased to be named executive officers and directors of the Company and the directors and officers of Acquisition Sub as of immediately prior to the Effective Time became the directors and officers of the Company.
OHA Investment Corporation is a specialty finance company. The Company focuses primarily on providing direct lending solutions to middle market private companies across industry sectors. The Company's investment portfolio includes debt securities and other investments in upstream exploration and production companies engaged in the acquisition, development and production of oil and natural gas properties in and along the Gulf Coast, in the state and federal waters of the Gulf of Mexico, and in the Permian Basin, Mid-Continent and Rocky Mountain areas. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in senior and junior secured, unsecured and subordinated loans, and to debt securities or preferred stock of the United States private and public middle market companies. The Company may also invest in equity, distressed debt and other assets. The Company's investment advisor is Oak Hill Advisors, L.P.
OHA INVESTMENT CORPORATION 
