BlackRock Kelso Capital said it has entered into a four-year $350 million amended and restated senior secured revolving credit facility, which amends and restates its revolving credit facility previously outstanding.

Citigroup and BMO Capital Markets acted as joint lead bookrunners and joint lead arrangers; Citibank is acting as administrative agent and Bank of Montreal, Chicago branch, is acting as syndication agent under the revolving credit facility.

The revolving credit facility has a maturity date of March 13, 2017, which includes a ratable amortization in the final year, and represents an increase of $75 million in revolving commitments over the prior revolving credit facility. The interest rate applicable to borrowings is generally LIBOR plus an applicable margin of 2.50%, a 75 basis point reduction from the prior revolving credit facility.

The revolving credit facility also includes an accordion feature that allows the company, under certain circumstances, to increase the size of the revolving credit facility up to $750 million.