FSEP Term Funding amends revolver, lifting size by $50 million

By Sara Rosenberg

New York, May 30 - FSEP Term Funding LLC amended its revolving credit facility on Wednesday, increasing the size to $100 million from $50 million, according to an 8-K filed with the Securities and Exchange Commission.

The revolver is divided into a $50 million tranche A that is priced Libor plus 160 basis points and a $50 million tranche B that is priced at Libor plus 185 bps.

Deutsche Bank is the administrative agent on the deal.

FSEP is a wholly-owned financing subsidiary of FS Energy and Power Fund, a Philadelphia-based alternative investment product that gives investors access to a pipeline of investments in private U.S. companies in the energy and power industry.

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