FS Investment amends and restates floating-rate loan total return swap

By Marisa Wong

Madison, Wis., Oct. 2 – FS Investment Corp. III’s wholly owned subsidiary, Center City Funding LLC, amended and restated its total return swap for senior secured floating-rate loans with Citibank, NS on Sept. 29, according to an 8-K filing with the Securities and Exchange Commission.

Under the amendment and restatement, the maximum aggregate market value of the portfolio of loans subject to the total return swap was increased to $300 million from $200 million.

FS Investment is a Philadelphia-based alternative investment product sponsored by Franklin Square Capital Partners.

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