Varagon Capital unit trims credit facility availability to $300 million

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Varagon Capital Partners amended the loan and security agreement dated June 2, 2022 with wholly owned financing facility VCC Funding, LLC as borrower and JPMorgan Chase Bank, NA as administrative agent on Jan. 26, according to an 8-K filing with the Securities and Exchange Commission.

The amendment reduced available borrowings to up to $300 million from up to $500 million, subject to leverage and borrowing base restrictions; and reduced the commitment increase to up to $600 million from up to $800 million.

Varagon is an asset manager that is based in New York.

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