MVC Capital, a publicly traded business development company that makes private debt and equity investments, said Monday it would purchase an additional $7 million (€5.1 million) in debt of Minnesota-based seafood processor and distributor Morey's Seafood International.
In August, MVC bought $8 million (€5.8 million) debt investment in the company.
Michael Tokarz, chairman and portfolio manager of MVC, said the initial investment was part of Morey's refinancing plan to help fuel its growth and the newest investment is more of the same.
"Morey's performance continues to impress us as the company has experienced growth in all of the markets they serve," Tokarz said.
