MVC Capital renews $100 million revolver for additional two months

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – MVC Capital, Inc. on Wednesday extended its $100 million revolving credit facility dated July 31, 2013 with Branch Banking and Trust Co. by two months to Nov. 30, according to an 8-K filed with the Securities and Exchange Commission.

The company had previously renewed the revolver by two months to Sept. 30. The facility’s initial term was one year.

No other terms of the facility were changed.

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

The closing fee of $200,000 was prorated for the two-month period of the extension and amounted to $33,333.

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

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