NXT Capital announced it has increased its total debt financing capacity to $1.6 billion and expanded its senior secured revolving credit facility from $650 million to $740 million.

Agented by Wells Fargo and affiliates, this facility provides funding for NXT’s middle-market senior secured commercial loan portfolio. The increase in size comprised commitments of $50 million from Capital One Bank and $40 million from EverBank Commercial Finance, who now join co-arranger SunTrust, BMO Capital Markets and Key Corp. in NXT Capital’s bank group.

In conjunction with this increase, NXT also received reduced pricing and an extension of the maturity date until April 2017.

“We are very pleased to add Capital One Bank and EverBank to our bank group. Their support for NXT is a welcome endorsement of our platform and future prospects,” said Robert Radway, NXT’s chairman and CEO. “We also appreciate the bank group’s willingness to improve the terms of the facility commensurate with NXT’s performance and overall financial profile.”

Chicago, IL-based NXT Capital provides structured financing solutions to middle-market and emerging growth companies and real estate investors through its Corporate Finance, Real Estate Finance and Venture Finance groups.