8-K

  UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report: September 18, 2013

(Date of earliest event reported)

Garrison Capital Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware	814-00878	90-0900145
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1350 Avenue of the Americas
New York, New York	10019
(Address of Principal Executive Offices)	(Zip Code)

(212) 372-9590

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On September 18, 2013, Garrison Capital Inc. issued a press release regarding the pricing of a $350 million term debt securitization. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release of Garrison Capital Inc. dated September 18, 2013.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Garrison Capital Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GARRISON CAPITAL INC.
Date:  September 18, 2013	By:	/s/ Brian Chase
	Name:	Brian Chase
	Title:	Chief Financial Officer

EX-99.1

News Release

NEW YORK--(BUSINESS WIRE)--Sep. 18, 2013-- Garrison Capital Inc., a business development company (the “Company”) (NASDAQ: GARS), today announced that its wholly-owned subsidiary, Garrison Funding 2013-2 LTD, has priced a ten year $350 million term debt securitization.

The notes offered in the collateralized loan obligation (the “Notes”) are structured as follows:

Garrison Funding 2013-2 LTD
Class	Type	Commitment Amount ($ in millions)	Expected Rating (S&P Only)	Coupon	Issue Price
A-1R	Revolver*	$50.0	AAA (sf)	Cost of Funds + 190%	100.0%
A-1T	Term*	111.2	AAA (sf)	3mos L + 180%	99.6%
A-2	Term	24.2	AA (sf)	3mos L + 340%	99.5%
B	Term	25.0	A (sf)	3mos L + 465%	99.5%
* Class A-1R and Class A-1T will rank pari passu.

$139.6 million of subordinated notes and equity and $22.0 million of the A-1T notes will be indirectly retained by the Company. The reinvestment period for the collateralized loan obligation ends in September 2016 and the Notes are scheduled to mature in September 2023.

The proceeds of the private placement of the Notes, net of expenses, will be used to refinance the Company’s existing credit facility and will increase leverage from $175.0 million or 0.69x to $188.4 million or 0.75x ($210.4 million or 0.83x with a sale of $22.0 million of retained A-1T notes) while reducing the Company’s cost of funds from approximately 3.3% to 2.4%.

The securities offered as part of the collateralized loan obligation have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state “blue sky” laws and may not be offered or sold in the United States absent registration under Section 5 of the Securities Act or an applicable exemption from such registration requirements.

ABOUT GARRISON CAPITAL INC.

Garrison Capital Inc. is a business development company that primarily invests in loans to U.S. based middle-market companies. The Company’s investment activities are managed by its investment adviser, Garrison Capital Advisers LLC, an affiliate of Garrison Investment Group LP (“Garrison Investment Group”). For more information, go to http://www.garrisoncapitalbdc.com.

ABOUT GARRISON INVESTMENT GROUP

Garrison Investment Group is an alternative investment and asset management firm founded in March 2007 by Steven Stuart and Joseph Tansey. Garrison Investment Group invests opportunistically in the debt of middle-market companies, primarily in the areas of corporate finance, real estate finance and structured finance. For more information, go to http://www.garrisoninv.com.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Source: Garrison Capital Inc.

Garrison Capital Inc.
Brian Chase, 212-372-9590
www.garrisoncapitalbdc.com