American Capital Senior Floating announced that its wholly-owned consolidated financing subsidiary, ACSF Funding I has amended its secured revolving credit facility with Bank of America.

The amendment modifies the credit agreement to, among other things, extend the maturity by three years to December 2018 and reduce the size of the facility by $5 million to $135 million. The interest rate under the amended facility remains constant at LIBOR plus 1.80%.

Mark Pelletier, president and chief investment officer of ACSF said, “We value our relationship with Bank of America and are very pleased with the results of our amended credit facility, which we believe provides us increased operating flexibility and a modest reduction in our future cost of funds due primarily to lower upfront fees.”

Bethesda, MD-based American Capital Senior Floating is a non-diversified closed-end investment management company that invests primarily in senior secured first lien and second lien floating rate loans to large-market U.S. based companies and in debt and equity tranches of collateralized loan obligations collateralized by senior floating rate loans.