Corporate Capital Trust, a business development company, increased the maximum borrowing capacity of two of its secured revolving credit facilities.

Corporate Capital Trust’s wholly-owned subsidiary CCT Tokyo Funding increased the borrowing capacity of its revolving credit facility with Sumitomo Mitsui Banking Corporation from $200 million to $300 million, with interest charged at the option of CCT Tokyo Funding at a rate of (a) LIBOR plus 1.75%, if the average advances are greater than $150 million, otherwise plus 2.00% or (b) the higher of the prime rate or the federal funds rate plus 0.50%, plus 0.75% if the average advances outstanding are greater than $150 million, otherwise plus 1.00%. This credit facility matures in 2021.

Additionally, CCT increased the size of its revolving credit facility with JPMorgan Chase Bank, as administrative agent, and ING Capital, as syndication agent, by $30 million for a total facility size of $958 million. Borrowings under this credit facility, which includes 21 lenders, bear interest (at the option of CCT) at a rate of (a) LIBOR plus 2.00%, if the borrowing base is equal to or greater than 1.85 times the combined debt amount, otherwise plus 2.25%, and (b) the greatest of the prime rate, the federal funds rate plus 0.50%, and one-month LIBOR plus 1.00%, plus 1.00%, if the borrowing base is equal to or greater than 1.85 times the combined debt amount, otherwise plus 1.25%. This credit facility matures in 2021.

“We are pleased to continue to build our capital structure at an attractive cost of borrowings, while expanding an already diverse lender group,” said Todd Builione, CEO of Corporate Capital Trust.