Wells Fargo acted as administrative agent and U.S. Bank as collateral agent, account bank and collateral custodian on an amendment to Business Development Corporation of America’s revolving credit facility.
According to the related 8-K filing, the amendment increased the size of the facility from $520 million to $545 million.
Business Development Corporation of America (BDCA) is a non-traded business development company focused on lending to middle market companies. It provides flexible financing solutions across the capital structure and in a variety of industries.
BDCA is externally managed by Benefit Street Partners, a credit-focused alternative asset management firm with approximately $26 billion of assets under management.