FS Energy and Power Fund unit obtains $200 million facility via BNP

By Toni Weeks

San Luis Obispo, Calif., Dec. 17 - FS Energy and Power Fund subsidiary Berwyn Funding LLC entered into a committed facility arrangement with BNP Paribas Prime Brokerage, Inc. on Dec. 11 that provides for up to $200 million of borrowings, according to an 8-K filing with the Securities and Exchange Commission.

The interest rate will be Libor plus 110 basis points. Berwyn will also pay a non-usage fee.

The fund is sponsored by Philadelphia-based Franklin Square Capital Partners.

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