April 14 (Reuters) - GSC Investment Corp:
* Enters into definitive agreement with Saratoga Investment Advisors LLC
* Says Christian Oberbeck appointed CEO
* Says at deal closing, the company will change its name to Saratoga Investment
corp
* Says announces $55 million recapitalization plan to cure debt default
* Says recapitalization plan includes Saratoga and CLO partners purchasing
about 9.8 million common shares of the company
* Says plan also includes commitment from Madison capital funding LLC to
provide the company with $40 million credit facility
* Says Richard Petrocelli will be appointed CFO
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Enters into definitive agreement with Saratoga Investment Advisors LLC
* Says Christian Oberbeck appointed CEO
* Says at deal closing, the company will change its name to Saratoga Investment
corp
* Says announces $55 million recapitalization plan to cure debt default
* Says recapitalization plan includes Saratoga and CLO partners purchasing
about 9.8 million common shares of the company
* Says plan also includes commitment from Madison capital funding LLC to
provide the company with $40 million credit facility
* Says Richard Petrocelli will be appointed CFO
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.