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.