Apollo Investment Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
Apollo Investment Corporation - Closed End Fund (AINV)
Last apollo investment corporation - closed end fund earnings: 2/4 04:00 pm
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apolloic.com
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Source: GlobeNewswire
NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Apollo Investment Corporation (NASDAQ: AINV) (the “Company”) announced today that it has extended the final maturity of its senior secured revolving credit facility (the “Facility”) by approximately 2 years from November 19, 2023 to December 22, 2025. Total commitments to the Facility will remain $1.81 billion until November 19, 2022 and will decrease to $1.705 billion thereafter. Pricing and advance rates remain unchanged on the Facility. The minimum shareholders’ equity covenant on the Facility was amended. All other financial covenants were unchanged. JPMorgan Chase Bank, N.A., Truist Securities, Inc., BMO Capital Markets Corp., and MUFG Union Bank, N.A. are Joint Bookrunners and Joint Lead Arrangers on the Facility. JPMorgan Chase Bank, N.A is the Administrative Agent on the Facility. “We are pleased to announce the extension of our revolving credit facility which enhances our liquidity position,” said Howard Widra, Chief Executi
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