MVC Capital amended its credit facility to reduce the commitment amount from $100 million to $50 million. The credit facility has been renewed until February 28. 2017.

MVC increased the unused fee from 0.20% to 0.25% per annum and an increase in the interest rate from LIBOR+1.00% to LIBOR+1.25%. The amendment also includes a waiver related to the delayed delivery of the MVC’s financial reports for the quarter ended April 30, 2016 and a closing fee of $93,750.

According to a related 8-K filing, BB&T was the lender of record.