Alcentra increases revolver to $135 million, extends to August 2020

By Tali Rackner

Norfolk, Va., Aug. 11 – Alcentra Capital Corp. increased its revolving credit facility to $135 million from $115 million via an amendment and incremental commitment agreement, according to a press release.

The accordion feature was also increased to $250 million from $160 million.

In addition, the facility was extended to August 2020 and a conditional pricing step-down was added.

ING Capital LLC is the agent and arranger.

Alcentra is a New York-based externally managed, closed-end, non-diversified management investment company. Its investment activities are managed by adviser Alcentra NY, LLC.

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