MVC Capital’s revolver doubled to $100 million, extended to August

By Wendy Van Sickle

Columbus, Ohio, March 1 – MVC Capital, Inc. renewed on Tuesday its revolving credit facility with Branch Banking and Trust Co. until Aug. 31, 2017 and doubled the commitment amount to $100 million, according to an 8-K filing with the Securities and Exchange Commission.

The interest rate remains Libor plus 125 basis points, and the unused fee continues to be 25 bps.

The paid a closing fee of $187,500.

The revolver is originally dated July 31, 2013.

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

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