Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for FS Energy and Power Fund > News item |
FS Energy unit increases facility to $475 million, extends to 2022
By Sarah Lizee
Olympia, Wash., Dec. 6 – FS Energy and Power Fund special-purpose financing subsidiary Gladwyne Funding LLC entered into an amended and restated credit agreement on Dec. 2, lifting the maximum facility amount to $475 million from $425 million, according to an 8-K filing with the Securities and Exchange Commission.
Goldman Sachs Bank USA is the lead arranger, syndication agent, administrative agent and calculation agent, with Wells Fargo Bank, NA as collateral administrator and collateral agent.
There is an accordion that would lift the facility amount to $650 million, subject to conditions.
The amendment also lowered interest to Libor plus 320 basis points from Libor plus 372 bps.
The maturity date was extended to Dec. 2, 2022 from Dec. 2, 2019.
FS Energy is a Philadelphia-based investment company that invests primarily in income-oriented securities of privately held energy- and power-related companies.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.