Monroe Capital has amended and extended its syndicated credit facility led by ING Capital, which includes a reduction in pricing and an expansion in commitments.

The amended facility includes an increase in the size of the current revolver commitments to $160 million from $135 million, and an expansion of the accordion feature to $300 million from $200 million, to facilitate future expansion in order to accommodate growth for the company.

The amended facility immediately reduces pricing by 25 basis points to LIBOR plus 3.00% per annum, with a further step-down to LIBOR plus 2.75% when net worth exceeds $225 million. The amended facility has a five-year maturity, extending the maturity date from December 19, 2017 to December 14, 2020. The amended facility also includes more flexible terms regarding eligible collateral and advance rates against certain portfolio assets.