Fifth Street Finance amends loan, revising pricing and maturity

By Sara Rosenberg

New York, Feb. 28 - Fifth Street Finance Corp. amended its credit facility, lowering pricing to Libor plus 300 basis points and extending the maturity to Feb. 25, 2014, according to a news release.

Previously, the facility was priced at Libor plus 350 bps and was set to mature on May 26, 2013.

As before, there is no Libor floor.

Wells Fargo Bank is the lead bank on the deal.

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

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