NXT Capital wraps amendment to permit distribution to shareholders

By Sara Rosenberg

New York, Feb. 16 – NXT Capital Inc. completed an amendment to its credit agreement providing for a one-time waiver to allow for the distribution to shareholders of a portion of the proceeds from a new $2 billion separately managed account for Aflac established by selling a portfolio of real estate loans, according to a market source.

A 5 basis point fee was paid to consenting lenders, the source said.

RBC Capital Markets LLC led the amendment.

NXT is a Chicago-based middle-market focused direct lender and asset manager.

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