Fifth Street Finance gets commitment for up to $150 million revolver

By Sara Rosenberg

New York, Feb. 25 - Fifth Street Finance Corp. received a financing commitment for an up to $150 million syndicated two-year revolving credit facility with a one-year term out, according to a news release.

The initial targeted close amount is $65 million.

ING Capital LLC is leading the deal.

Pricing on the revolver is Libor plus 450 basis points with no floor.

Fifth Street is a White Plains, N.Y.-based specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors.

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