FS Energy extends credit agreement one year, reduces to $315 million

By Wendy Van Sickle

Columbus, Ohio, June 16 – FS Energy and Power Fund wholly owned subsidiary FSEP Term Funding, LLC amended its amended and restated credit agreement originally entered on June 11, 2014, extending its maturity and reducing availability, among other changes, according to an 8-K filing with the Securities and Exchange Commission.

The amendment extends the agreement’s maturity one year to June 11, 2017, and reduces the maximum borrowable amount under the facility by $25 million to $315 million.

Additionally, pricing was increased by 25 basis points to Libor plus 205 bps.

Certain terms regarding extensions of credit under the facility were also modified.

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

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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