FS Investment’s Juniata River unit expands facility to $1.25 billion

By Wendy Van Sickle

Columbus, Ohio, Sept. 17 – Juniata River LLC, a wholly owned subsidiary of FS Investment Corp. II, amended its loan agreement dated Nov. 14, 2014 to increase the facility, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on Sept. 11, provides for an immediate upsize of $400 million, resulting in a total facility amount of $1.25 billion.

The facility includes a $400 million tranche A with interest of Libor plus 250 basis points and a 0% Libor floor and an $850 million tranche B with interest of Libor plus 275 bps and a 0% Libor floor.

The tranche A matures on July 15, 2022 and the tranche B on April 11, 2023.

Juniata has the option to increase tranche B commitments by an additional $650 million and require the repayment of any outstanding tranche B loans in excess of $550 million at the end of the reinvestment period.

The reinvestment period was extended to Jan. 11, 2022.

JPMorgan Chase Bank, NA is the lender and administrative agent.

FS Investment is a business development company based in Philadelphia.

© 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.