Daily News: March 10, 2014

ING Capital Leads Fifth Street Facility Expansion

Fifth Street Finance Corp. announced an additional lender to its syndicated bank credit facility led by ING Capital. The new commitment increases the facility size by $30 million to $650 million.

The facility now includes 15 lenders and has an accordion feature allowing for potential future expansion up to $800 million. The final maturity of the facility remains August 6, 2018.

“Our $650 million syndicated bank credit facility includes commitments from 15 different lenders and, combined with our ability to access the institutional high-grade debt market, provides ample debt capital for us to efficiently finance larger transactions,” commented FSC’s CEO, Leonard M. Tannenbaum.