FS Investment lifts revolver to $327.5 million, amends term, pricing

By Marisa Wong

Morgantown, W.Va., March 21 – FS Investment Corp. amended its senior secured revolving credit agreement dated April 3, 2014 with ING Capital LLC as administrative agent to increase the lenders’ commitments to $327.5 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, dated March 16, also extends the term of the revolving period to March 16, 2020 and the final maturity date to March 16, 2021.

In addition, the amendment increases the size of the accordion provision to permit commitment increases up to $600 million.

The applicable margin for Libor loans was lowered to 225 basis points.

The company paid some fees for the amendment, the filing noted.

FS Investment is a business development company based in Philadelphia.

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