WHITE PLAINS, N.Y., Feb. 24, 2011 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) ("Fifth Street") announced today that loan commitments on its three-year syndicated credit facility led by ING Capital LLC ("ING") have increased by $125 million to $215 million, and that three new lenders have joined the facility. In addition, the credit facility's accordion feature was increased to allow for potential future expansion up to a total of $300 million, the maturity date was extended to February 22, 2014, and, if Fifth Street obtains a credit rating of BBB or the equivalent, the interest rate will be reduced to LIBOR plus 3.0% per annum, with no LIBOR floor.
Fifth Street Finance Corp. Expands Its Syndicated Credit Facility To $215 Million
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