Daily News: June 13, 2016

Santander Agents Full Circle Capital $40MM Downsize


Full Circle Capital entered into an amendment to its revolving credit facility with Santander Bank.

The amendment reduced the size of the facility from $45 million to $5 million, extended the termination date until October 3, 2016 and limited the company’s ability to make any dividends, distributions, redemptions or other acquisitions of securities or other equity interests in the company in excess of $10 million in the aggregate through October 3, 2016.

According to related 8-K filing, Santander Bank served as administrative agent for lenders who were party to the credit agreement.