MVC Financial gets $100 million revolver

By Sara Rosenberg

New York, May 1 - MVC Financial Services Inc. closed on a new $100 million revolving credit facility due April 27, 2010, according to an 8-K filed with the Securities and Exchange Commission Monday.

Guggenheim Corporate Funding LLC is the administrative agent on the deal.

The facility carries an interest rate of Libor plus 200 basis points.

At close on April 27, the company drew down $45 million under the facility.

Borrowings will be used to fund new and existing portfolio investments, and for general corporate purposes.

MVC is a Purchase, N.Y.-based principal investment firm specializing in private equity and mezzanine investments.

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