Fifth Street adds two lenders, increases facility to $415 million

By Toni Weeks

San Diego, Jan. 8 - Fifth Street Finance Corp. announced it has increased its credit facility to $415 million from $380 million.

According to a press release, the company increased the facility size by adding two new lenders to the syndicate, which is led by ING Capital LLC and now includes 12 lenders.

The credit facility matures on Nov. 30, 2016 and has an accordion feature allowing for future expansion up to $600 million.

New York-based Fifth Street Finance is a specialty finance company that lends to and invests in small and mid-sized companies.

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