MVC Capital renews revolver for one more year, draws $100 million

By Marisa Wong

Madison, Wis., Aug. 4 – MVC Capital, Inc. renewed its one-year $100 million revolving credit facility dated July 31, 2013 with Branch Banking and Trust Co. for an additional one-year period, according to an 8-K filing with the Securities and Exchange Commission.

The credit facility will now expire on July 31, 2015.

The company renewed the facility on July 30. That same day, the company borrowed $100 million under the facility.

All other terms of the facility remain unchanged.

Borrowings continue to be secured by cash, short-term and long-term Treasury securities and other governmental agency securities, the filing noted.

MVC is a business development company based in Purchase, N.Y.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.