FS Energy and Power extends revolver, increases it to $340 million

By Angela McDaniels

Tacoma, Wash., June 17 – FS Energy and Power Fund wholly owned, special-purpose financing subsidiary FSEP Term Funding, LLC amended and restated its credit agreement on June 11 to increase the size of the facility and to extend the maturity, according to an 8-K filing with the Securities and Exchange Commission.

The amended and restated credit agreement provides for the addition of a $100 million tranche of revolving loan commitments from State Street Bank & Trust Co., which increases the maximum commitments to $340 million from $240 million.

The scheduled maturity date was extended to June 11, 2015 from June 24, 2014.

In addition, provisions were added about the voting rights of the lenders.

Deutsche Bank AG, New York Branch is the administrative agent.

FS Energy and Power Fund 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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