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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:11 EDTFSCFifth Street Finance expands its syndicated bank credit facility to $38M
Fifth Street Finance announced the successful amendment of the terms of its syndicated bank credit facility led by ING Capital. The amended facility includes an increase in size to $380M from $230M and an increase in the accordion feature to $600M from $300M, allowing for potential future expansion. The amended facility includes 10 banks, with five new banks joining the syndicate group. Pricing on the amended facility is reduced to LIBOR plus 2.75% per annum, with no LIBOR floor. The amended facility has a four-year maturity, extending the maturity date from February 29, 2016 to November 30, 2016.
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September 15, 2014
07:09 EDTFSCFifth Street Finance receives co-investment exemptive order from SEC
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