MCG amends and restates revolver to extend maturity

By Sara Rosenberg

New York, June 11 - MCG Capital Corp. amended and restated its revolving credit facility to extend the maturity to June 4, 2008, according to an 8-K filed with the Securities and Exchange Commission Monday.

Pricing on the revolver is still set at Libor plus 200 basis points, however; the company has gained the option to set the interest rate at Federal Funds Rate plus 225 bps.

Bayerische Hypo-Und Vereinsbank is the administrative agent on the deal.

The amendment and restatement was completed on June 6.

MCG is an Arlington, Va.-based principal investment firm specializing in middle market companies.

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