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Fifth Street Finance Expands Credit Facility to $650MM, Adds Lender

March 07, 2014, 07:38 AM
Filed Under: Lender Finance

Fifth Street Finance Corp. announced the company has an additional lender to its syndicated bank credit facility led by ING Capital LLC. The new commitment increases the facility size by $30 million to $650 million. The facility now includes 15 lenders and has an accordion feature allowing for potential future expansion up to $800 million. The final maturity of the facility remains August 6, 2018.

"Our $650 million syndicated bank credit facility includes commitments from 15 different lenders and, combined with our ability to access the institutional high-grade debt market, provides ample debt capital for us to efficiently finance larger transactions," commented FSC's Chief Executive Officer, Leonard M. Tannenbaum.

Fifth Street Finance Corp. is a specialty finance company that provides custom-tailored financing solutions to small and mid-sized companies, primarily in connection with investments by private equity sponsors.







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