Apollo Investment extends revolving credit facility maturity to 2025

By Taylor Fox

New York, Dec. 23 – Apollo Investment Corp. extended the final maturity of its senior secured revolving credit facility to Dec. 22, 2025 from Nov. 19, 2023, according to a news release.

Total commitments to the facility will remain $1.81 billion until Nov. 19, 2022 and will decrease to $1,705,000,000 thereafter.

Pricing and advance rates remain unchanged on the facility.

The minimum shareholders’ equity covenant on the facility was amended, and all other financial covenants were unchanged.

JPMorgan Chase Bank, NA; Truist Securities, Inc.; BMO Capital Markets Corp.; and MUFG Union Bank, NA are joint bookrunners and joint lead arrangers.

JPMorgan Chase Bank, NA is the administrative agent.

New York-based Apollo Investment is an externally managed, closed-end, non-diversified investment management company.

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