Fifth Street Expands Syndicated Credit Facility To $705 Mln - Quick Facts

(RTTNews) - Fifth Street Finance Corp (FSC), Tuesday announced additional commitments from one new and one existing lender to its syndicated credit facility led by ING Capital LLC. As a result, the committed facility size increased by $25 million to $705 million. The facility now includes 17 lenders with an accordion feature allowing for potential future expansion up to $800 million. The final maturity of the facility remains August 6, 2018.

"The continued expansion of our syndicated credit facility provides us with ample capital to deliver custom-tailored financing solutions to our private equity sponsor clients, including the ability to commit to larger transactions up to $250 million," said Leonard Tannenbaum, FSC's chief executive officer.