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| FSC > SEC Filings for FSC > Form 8-K on 4-Dec-2012 | All Recent SEC Filings |
4-Dec-2012
Entry into a Material Definitive Agreement, Creation of a Direct Financ
On November 30, 2012, Fifth Street Finance Corp. ("Fifth Street") amended the terms of its syndicated secured credit facility with certain lenders party thereto from time to time and ING Capital LLC, as administrative agent (the "ING facility"), to, among other things:
• increase the size of the facility from $230 million to $380 million;
• reduce the pricing under the facility to LIBOR plus 2.75% per annum, with no LIBOR floor;
• include the addition of five new banks to the syndicate group, raising the total number of participating banks to ten;
• extend the maturity date from February 29, 2016 to November 30, 2016; and
• increase the accordion feature to allow for potential future expansion up to a total of $600 million.
The foregoing description of the amendment to the ING facility does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 4 to Amended and Restated Senior Secured Revolving Credit Agreement filed as Exhibit 10.1 hereto and incorporated by reference herein.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
(d) Exhibits
Exhibit No. Description
10.1 Amendment No. 4 to Amended and Restated Senior Secured Revolving
Credit Agreement among Fifth Street Finance Corp., FSFC Holdings,
Inc., Fifth Street Fund of Funds LLC, ING Capital LLC, and the
lenders party thereto, dated as of November 30, 2012
99.1 Press Release dated December 3, 2012
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