Apollo lifts commitments to $1.64 billion, adds MUFG as lender

By Wendy Van Sickle

Columbus, Ohio, March 1 – Apollo Investment Corp. amended its amended and restated senior secured revolving credit agreement on Wednesday to increase the total commitments by $50 million to $1.64 billion, according to an 8-K filing with the Securities and Exchange Commission.

The increase was made via a partial exercise of the accordion feature, which allows the company to increase commitments to up to a total of $2,385,000,000.

Additionally, MUFG Union Bank, NA was added as a lender.

New York-based Apollo Investment is an externally managed, closed-end, non-diversified investment management company.

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