Apollo Investment Corporation extended the final maturity of its senior secured revolving credit facility by approximately two years from Nov. 19, 2023, to Dec. 22, 2025. Total commitments to the facility will remain $1.81 billion until Nov. 19, 2022, and will decrease to $1.705 billion thereafter. Pricing and advance rates remain unchanged on the facility. The minimum shareholders’ equity covenant on the facility was amended. All other financial covenants were unchanged.

JPMorgan Chase, Truist Securities, BMO Capital Markets and MUFG Union Bank are joint bookrunners and joint lead arrangers on the facility. JPMorgan Chase is the administrative agent on the facility.

“We are pleased to announce the extension of our revolving credit facility, which enhances our liquidity position,” Howard Widra, CEO of Apollo Investment Corporation, said.

“We greatly appreciate the support of our lenders in this extension, which demonstrates their confidence in our platform and strategy,” Gregory W. Hunt, CFO of Apollo Investment Corporation, said.