Daily News: August 25, 2014

Sierra Income Adds Key Equipment Finance to Facility

Sierra Income announced the closing of an additional $30 million of commitments to its senior secured revolving credit facility, arranged and led by ING Capital. Key Equipment Finance joined the lending group and committed $30 million to the facility.

Total commitments are $125 million, and the facility provides for an aggregate accordion feature up to an aggregate maximum amount of $250 million.

“We are pleased to add Key to our growing bank group,” said Seth Taube, CEO of the company. “We intend to utilize the additional lending commitment to continue to grow our investment portfolio and we look forward to working with our bank group as we expand our business in the years ahead.”