J.P. Morgan, ING Arrange Corporate Capital Facility Expansion
Corporate Capital Trust increased its lending capacity through its revolver from $490 million to $655 million. J.P. Morgan Securities and ING Capital served as joint lead arrangers of the facility, with 17 financial institutions participating in the lender syndicate.
This facility, initiated in September 2013 with $285 million in commitments, is expandable to a maximum of $900 million and matures in September 2017.
“We are pleased to be able to expand our credit facility for the third time in 16 months and are pleased with the breadth of lenders participating. We see investment opportunities arising from recent market volatility, and the expansion will provide more capital to capture those opportunities,” said Steve Shackelford, president and CFO of Corporate Capital Trust.