Venture Lending & Leasing VIII reduces revolver to $240 million

By Wendy Van Sickle

Columbus, Ohio, May 6 – Venture Lending & Leasing VIII, Inc. notified the lenders of its agreement dated April 5, 2016 that it plans to reduce the size of the secured revolving credit facility to $240 million from $280 million, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The revolver will expire on Sept. 11, 2020.

Wells Fargo Bank, NA is the administrative agent.

The borrower is a Portola Valley, Calif.-based non-diversified, closed-end management investment company that provides debt financing to venture capital-backed companies, usually in the form of secured loans.

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