Fifth Street lowers interest rate by 25 bps to Libor plus 250 bps

By Marisa Wong

Madison, Wis., June 24 - Fifth Street Finance Corp. amended its secured credit facility with Wells Fargo Bank, NA to reduce the interest rate to Libor plus 250 basis points with no Libor floor, according to an 8-K filing with the Securities and Exchange Commission.

In addition to the 25-bps reduction, the amendment provides greater flexibility on terms and eligible collateral, according to a press release.

Fifth Street amended its credit facility on Thursday.

The specialty finance company is based in White Plains, N.Y.

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