Solar Capital entered into an amendment to its senior secured credit agreement with a group of lenders led by Citibank serving as administrative agent.

The amendment, among other things, temporarily increased the size of the credit facility $540 million to $555 million. In addition, the amendment extended the maturity date to September 30, 2021, modified the average interest spread from LIBOR+2.25% by including a pricing grid based on LIBOR plus an applicable spread of 2.00% or 2.25%, depending on the ratio of the borrowing base to certain indebtedness of the company, among other factors.

The credit facility continues to include an accordion feature that allows the company, under certain circumstances, to increase the size of the credit facility up to $800 million.