Fifth Street Finance extends $125 million revolver, reduces interest

By Wendy Van Sickle

Columbus, Ohio, Aug. 18 – Fifth Street Finance Corp. extended by a year and reduced pricing of its $125 million revolving credit facility with Sumitomo Mitsui Banking Corp. under an amendment announced in a Tuesday press release.

The revolver’s interest was reduced to Libor plus 200 basis points or Libor plus 225 bps, based on usage, from Libor plus 225 bps.

The facility’s maturity was extended by one year to Sept. 16, 2021; its reinvestment period was also extended one year to Sept. 16, 2017.

Fifth Street is a White Plains, N.Y.-based specialty finance company that originates and invests in one-stop financings and first-lien, second-lien and mezzanine debt and equity co-investments for small and mid-sized companies.

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