Daily News: March 28, 2014

ING Capital Leads Sierra Income Facility to $95MM

Sierra Income announced the closing of an additional $45 million of commitments to its senior secured revolving credit facility. Total commitments are $95 million and provide for an aggregate accordion feature up to $100 million.

The facility was arranged and led by ING Capital.

“We are pleased to increase the commitments to our credit facility through the expansion of our bank group,” said Seth Taube, CEO of the company. “We intend to utilize the additional lending commitment to continue to grow our investment portfolio and we look forward to working with our bank group as we expand our business in the years ahead.”