Garrison Capital, a lender to middle market companies, has securitized some additional loans on its balance sheet. Proceeds will refinance an existing credit facility, in the process both increasing the company’s leverage and reducing its costs of funds.

The collateralized loan obligation, called Garrison Funding 2013-2, issued a total of $350 million of notes, according to a company press release. There was a single, $50 million “revolver” class priced at 190 basis points over the cost of funds that was rated ‘AAA’ by Standard & Poor’s.

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