Fifth Street Senior Floating Rate (FSFR) closed a $25 million senior secured revolving credit facility with East West Bank. The facility has a final maturity of January 2021 and will accrue interest at LIBOR plus a variable spread according to the agreed upon schedule.

“We are pleased to announce the closing of our $25 million revolving credit facility provided by East West Bank. With the closing of this facility, FSFR should benefit from the diversification of institutional lender relationships and additional flexibility managing its balance sheet,” said Ivelin M. Dimitrov, FSFR CEO. “We appreciate East West Bank’s support and view their partnership as a testament to the strength of FSFR’s platform.”

New York-based Fifth Street Senior Floating Rate is a specialty finance company that provides financing solutions in the form of floating rate senior secured loans to mid-sized companies, primarily in connection with investments by private equity sponsors.