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ING Capital Leads Expansion of BDC Capitala Finance’s Revolver

June 21, 2017, 07:17 AM
Filed Under: Lender Finance

Capitala Finance, a business development company, said it has amended and extended its senior secured revolving credit facility led by ING Capital.

The amended credit facility provides commitments of $114.5 million and an expansion of the accordion feature to $200 million, to accommodate future growth of the company.

The pricing remains unchanged at London Interbank Offered Rate (LIBOR) plus 3.0% but includes a step-down to LIBOR plus 2.75% when certain conditions as outlined in the credit agreement are met.

The revolving period is extended to June 16, 2020 while the final maturity is extended to June 16, 2021.

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