FS Investment unit Center City lifts TRS loan limit to $400 million

By Tali Rackner

Norfolk, Va., Feb. 3 – FS Investment Corp. II wholly owned financing subsidiary, Center City Funding LLC, amended its total return swap for senior secured floating-rate loans on Jan. 28, increasing the maximum aggregate notional amount of the portfolio of loans subject to the TRS to $400 million from $300 million, according to an 8-K filing with the Securities and Exchange Commission.

In addition, the swap spread over the one-month Libor rate was increased to 132 basis points per annum from 130 bps per annum.

No other material changes were made to the facility.

Citibank, NA is the agent.

FS Investment is a business development company based in Philadelphia.

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