BlackRock Kelso Capital entered into a four year $350 million amended and restated senior secured revolving credit facility, which amends and restates its revolving credit facility previously outstanding. The revolving credit facility has a maturity date of March 13, 2017, which includes a ratable amortization in the final year, and represents an increase of $75 million in revolving commitments over the prior revolving credit facility. The interest rate applicable to borrowings is generally LIBOR plus an applicable margin of 2.50%, a 75 basis point reduction from the prior revolving credit facility.

The revolving credit facility also includes an “accordion” feature that allows the company, under certain circumstances to increase the size of the Revolving Credit Facility up to $750 million.

Citigroup Global Markets Inc. and BMO Capital Markets acted as joint lead bookrunners and joint lead arrangers, Citibank, N.A. is acting as administrative agent and Bank of Montreal, Chicago Branch is acting as syndication agent under the revolving credit facility.

Formed in 2005, BlackRock Kelso Capital Corporation is a business development company that provides debt and equity capital to middle-market companies.