THL Credit, a direct lender to middle market companies, announced an amendment, extension and the reduction of pricing of its existing term loan credit facility and an amendment and extension of its revolving credit facility. The financing was led by ING Capital.

The term loan facility’s bullet maturity was extended from April 2019 to August 2021. The pricing on the term loan facility was reduced to LIBOR (with no floor) plus 2.75% from LIBOR (with no floor) plus 3.25%.

Additionally, the revolving facility’s availability period was extended from May 2017 to August 2019, followed by a one-year amortization period with a final maturity in August 2020. The pricing on the revolving facility will remain the same at LIBOR (with no floor) plus 2.5%.

Commitments under the revolving facility and term loan facility remain at $303.5 million and $106.5 million, respectively.

The revolving facility and term loan facility each include an accordion feature permitting subsequent increases to either facility up to an aggregate maximum of $600 million of commitments.