Brief: Apollo Investment Corp Amends, Extends And Upsizes Its Senior Secured Revolving Credit Facility

Midcap Financial Investment

20/11/2018 13:54

Nov 20 (Reuters) - Apollo Investment Corp  AINV.O :
    * APOLLO INVESTMENT CORPORATION  AMENDS, EXTENDS AND UPSIZES
ITS
SENIOR SECURED REVOLVING CREDIT FACILITY
    * APOLLO INVESTMENT CORP - AMENDMENT REDUCES COMPANY'S
MINIMUM
ASSET COVERAGE FINANCIAL COVENANT FROM 200% TO 150%
    * APOLLO INVESTMENT CORP - THERE WAS NO CHANGE IN BORROWING
COST
IN CONNECTION WITH AMENDMENT
    * APOLLO INVESTMENT CORP - LENDER COMMITMENTS TO SENIOR
SECURED
FACILITY INCREASED BY $400 MILLION FROM $1.19 BILLION TO $1.59
BILLION
    * APOLLO INVESTMENT CORP - FINAL MATURITY DATE OF SENIOR
SECURED
FACILITY WAS EXTENDED BY ABOUT 2 YEARS FROM DEC 21, 2021 TO NOV
19, 2023

Source text for Eikon:  ID:nGNX95Bzcg 
Further company coverage:  AINV.O 

 ((Reuters.Briefs@thomsonreuters.com;))