Daily News: June 25, 2013

Fifth Street Improves Pricing on Wells Fargo Facility

Fifth Street Finance announced an amendment of its credit facility with Wells Fargo Bank. The amended facility includes a 25 basis point reduction in pricing to LIBOR plus 2.5% per annum, with no LIBOR floor, and greater flexibility on terms and eligible collateral.

Fifth Street Finance is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors.