Fidus Investment Corporation Announces Amendment to Revolving Credit Facility: Increased Facility Size, Improved Pricing and Extended Maturity
- Total commitments under the Credit Facility increased from
$90 million to $100 million . The amendment includes an expansion of the accordion feature to$250 million to accommodate further growth of the Company.
- The final maturity date was extended from
June 16, 2019 toApril 24, 2023 .
- The pricing on the Credit Facility was reduced from LIBOR plus 3.50% to LIBOR plus 3.00%.
“The amended Credit Facility, combined with our recent debt offering, rounds out our current funding sources and provides us with additional growth capital and flexibility to continue to selectively grow our investment portfolio on attractive terms. It also complements our existing 10-year SBA financing through our small business investment company (SBIC) subsidiaries,” said
ABOUT
Fidus is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. In addition, for tax purposes, Fidus has elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code. Fidus was formed in
ABOUT ING CAPITAL LLC
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are based on management’s current expectations, estimates, projections, beliefs and assumptions about the Company, its current and prospective portfolio investments, and its industry. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Company’s control, difficult to predict and could cause actual results to differ materially from those expected or forecasted in such forward-looking statements. Actual developments and results are likely to vary materially from these estimates and projections as a result of a number of factors, including those described from time to time in Fidus’ filings with the
Company Contact:
Shelby E. Sherard
Chief Financial Officer
(847) 859-3940
ssherard@fidusinv.com
Investor Relations Contact:
LHA
(212) 838-3777
jburfening@lhai.com
Source: Fidus Investment Corporation