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BDCA Enters Into $60MM Credit Facility With Deutsche, Others

February 28, 2014, 08:04 AM
Filed Under: Lender Finance

Business Development Corporation of America ("BDCA"), a business development company primarily focused on senior debt investments in middle market private companies, announced that on February 21, 2014, it entered into a $60 million senior secured revolving credit facility.  BDCA expects to use the financing available under the new credit facility along with cash on hand to finance its ongoing investment activities and for general corporate purposes. Deutsche Bank AG, New York Branch, is the lender and administrative agent under the credit facility.

Peter Budko, CEO of BDCA Adviser, commented, "We are excited to grow our relationship with Deutsche Bank, expand our balance sheet and diversify our ability to finance middle market loans."

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