FS Investment unit Walnut Street increases facility to $300 million

By Jennifer Chiou

New York, March 12 - FS Investment Corp. wholly owned financing subsidiary Walnut Street Funding LLC amended its revolving credit facility due May 17, 2017, lifting the available commitments to $300 million from $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The changes also decreased the spread above Libor to 250 bps from 275 bps , the filing stated.

The company entered into the loan in May 2012 with a Libor spread ranging between 150 bps and 275 bps depending on Walnut Street's composition of its portfolio of loans.

Wells Fargo Securities, LLC is the administrative agent.

FS Investment is a business development company based in Philadelphia.

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