FS Energy unit extends credit agreement, decreases to $150 million

By Sarah Lizee

Olympia, Wash., June 15 – FS Energy and Power Fund’s wholly owned special purpose financing subsidiary, FSEP Term Funding, LLC, amended its credit agreement with Deutsche Bank AG, New York Branch as administrative agent on June 11 to reduce the maximum committed amount to $150 million from $340 million, according to an 8-K filing with the Securities and Exchange Commission.

Also, the maturity date of the credit agreement was extended by one year to June 11, 2019.

The interest rate was increased to Libor plus 225 basis points from Libor plus 205 bps.

FS Energy is a Philadelphia-based investment company that invests primarily in income-oriented securities of privately held energy- and power-related companies.

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