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Wells Fargo Bank Agents $25MM Upsize for BDCA Funding I

December 27, 2018, 08:00 AM
Filed Under: Lender Finance

Business Development Corporation of America, through a wholly-owned, consolidated special purpose financing subsidiary, BDCA Funding I, LLC, entered into an amendment to its revolving credit facility with the company, as the servicer, Wells Fargo Bank, National Association, as the administrative agent, and U.S. Bank as collateral agent, account bank and collateral custodian. The Amendment increases the size of the Wells Fargo Credit Facility from $520.0 to $545.0 million.

Business Development Corporation of America (BDCA) is a non-traded business development company (BDC) focused on lending to middle market companies. BDCA provides flexible financing solutions across the capital structure and in a variety of industries. BDCA is externally managed by Benefit Street Partners (BSP), a leading credit-focused alternative asset management firm with approximately $26 billion of assets under management.

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