Harvest Capital Credit Corporation (“Harvest”) exited its $5.5 million debt investment in Optimal Blue, LLC (“Optimal Blue”), a leading provider of SaaS mortgage technology solutions. Harvest was repaid at par on December 30, 2015 and in addition received prepayment fees. The debt investment provided Harvest an internal rate of return of 17.24% and a cash-on-cash return of 1.44x. Harvest has opted to maintain its equity investment in Optimal Blue, despite the refinancing of its debt investment, with the hope of generating a future capital gain for Harvest’s shareholders. This exit represents Harvest’s 19th exit since inception.

We are very pleased with the outcome generated by the Optimal Blue transaction. During the tenure of the loan, Harvest invested additional dollars into the business to help facilitate an acquisition. Harvest appreciated the opportunity to work with the management team and owners, including a private equity sponsor, and wish them the best of luck continuing to grow the business.

About Harvest Capital Credit Corporation

Harvest Capital Credit Corporation (NASDAQ:HCAP) provides customized financing solutions to privately held small and mid‐sized companies in the U.S., generally targeting companies with annual revenues of less than $100 million and annual EBITDA of less than $15 million. Harvest Capital Credit Corporation’s investment objective is to generate both current income and capital appreciation primarily by making direct investments in the form of subordinated debt, senior debt and, to a lesser extent, minority equity investments. Harvest Capital Credit Corporation is externally managed and has elected to be treated as a business development company under the Investment Company Act of 1940.