People’s United Leads Expansion of MVC Capital Facility to $50MM

People’s United Bank’s Commercial Banking division served as lead arranger on the expansion of MVC Capital’s credit facility to $50 million.

BB&T Amends MVC Capital Facility Downsize to $50MM

MVC Capital amended its credit facility with BB&T, which included a reduction in the commitment amount from $100 million to $50 million.

Santander Agents MVC Capital $50MM Revolver

MVC Capital entered into a $50 million revolving borrowing base credit facility with Santander Bank as a lender and lead agent and Wintrust Bank as a lender and syndication agent.

MVC Makes $40MM Investment in Debt Instruments

MVC Capital announced it invested approximately $40 million in four collateralized senior subordinated loans with a weighted average interest rate of 15.1%.

MVC Capital Recruits Fifth Third Mezzanine Finance Team

MVC Capital announced the addition of four debt investment professionals from Fifth Third Bancorp’s Mezzanine Finance Group to accelerate MVC’s portfolio transformation to yielding investments.

MVC Provides $10MM Second Lien Loan to G3K Displays

MVC Capital announced the completion of a second lien term loan of $10 million to G3K Displays, which carries a cash interest rate of 13% and includes warrants.

BB&T Provides MVC with $50MM Revolver

MVC Capital, a business development company, announced that BB&T has provided the company with a $50 million one-year revolving credit facility.

MVC Capital Provides $10MM Second Lien Loan to LegalShield

MVC Capital announced the completion of a $10 million second lien term loan to LegalShield. The loan is part of a $175 million syndicated second line term loan arranged by Morgan Stanley Senior Funding and RBC Capital Markets.

MVC Capital Names Schuenke New Chief Financial Officer

MVC Capital announced that it has appointed Scott J. Schuenke to the role of chief financial officer. Schuenke succeeds current CFO, Peter Seidenberg.