FS Investment and Corporate Capital Trust entered into an agreement under which FSIC, a partnership between FS Investments and KKR Credit Advisors, and CCT will merge, creating the second largest publicly traded BDC.
Corporate Capital Trust, a business development company, increased the maximum borrowing capacity of two of its secured revolving credit facilities.
Jersey City Funding, a subsidiary of Strategic Credit Opportunities Partners, entered into a credit agreement with Goldman Sachs Bank USA providing for a $250 million revolving credit facility.
Corporate Capital Trust increased its senior secured facility to $893 million from $710 million. JPMorgan Chase served as administrative agent for the transaction.
Corporate Capital Trust increased its lending capacity through its revolver from $490 million to $655 million. J.P. Morgan Securities and ING Capital served as the joint lead arrangers of the facility.
Corporate Capital Trust closed a new five-year, senior secured term loan for $400 million. JPMorgan Chase Bank served as the lead arranger and administrative agent.
Corporate Capital Trust announced that it closed on a revolver in the initial amount of $285 million. J.P. Morgan Securities and ING Capital served as joint lead arrangers of the facility.