FS Investment subsidiary increases loans subject to total return swap

By Marisa Wong

Morgantown, W.Va., July 13 – Cheltenham Funding LLC, a wholly owned financing subsidiary of FS Investment Corp. IV, entered into a third amendment and restatement of the confirmation letter agreement governing its total return swap for senior secured floating-rate loans with Citibank, NA, according to an 8-K filing with the Securities and Exchange Commission.

Under the amendment, effective as of June 30, the maximum aggregate notional amount of the portfolio of loans subject to the total return swap was increased to $125 million from $75 million.

No other material changes were made, according to the 8-K filing.

FS Investment is a business development company based in Philadelphia.

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