Medley Capital reduced its revolving credit facility commitment amount to $200 million from $343.5 million.

According to a related 8-K filing, ING Capital served as administrative agent for the transaction.

This facility reduction will be effective on February 14. As of December 31, 2016, the company had a cash balance of $102.1 million and $18 million of debt outstanding before netting out debt issuance costs under the revolving facility.

The company also had $174 million of debt outstanding under its senior secured term loan credit facility, $150.0 million outstanding in SBA-guaranteed debentures, $40 million outstanding in aggregate principal the 2019 notes, $74 million outstanding in aggregate principal amount of 6.5% senior notes due 2021 and $63.9 million outstanding in aggregate principal amount of the 2023 notes.

The facilities were amended to permit the payment, prepayment or redemption of principal and interest on the 2019 notes in an aggregate amount not to exceed $1.5 million. In addition, the revolving credit facility was amended to permit the prepayment of the company’s loans under the term loan facility in an aggregate amount not to exceed $74 million prior to September 30, 2017.