Daily News: February 28, 2014

Deutsche Agents $60MM BDCA Revolver

Business Development Corporation of America (BDCA) announced that on February 21, 2014 it entered into a $60 million senior secured revolving credit facility. Deutsche Bank AG, New York Branch is the lender and administrative agent under the credit facility.

BDCA expects to use the proceeds of the facility along with cash on hand to finance its ongoing investment activities and for general corporate purposes.

Peter Budko, CEO of BDCA Adviser, commented, “We are excited to grow our relationship with Deutsche Bank, expand our balance sheet and diversify our ability to finance middle market loans.”