Corporate Capital Trust Successfully Increases Borrowing Capacity
CORPORATE CAPITAL TRUST INC (CCT)
Last corporate capital trust inc earnings: 11/7 04:15 pm
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US:NYSE Investor Relations:
corporatecapitaltrust.com/investor-relations/stock-information
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)-- Corporate Capital Trust, Inc., a leading business development company, today announced it increased the maximum borrowing capacity of two of its secured revolving credit facilities. On November 28, 2017, the borrowing capacity of CCT Tokyo Funding, LLC, a wholly-owned subsidiary of Corporate Capital Trust, under its revolving credit facility with Sumitomo Mitsui Banking Corporation was increased to $300 million from $200 million, with interest charged at the option of CCT Tokyo Funding at a rate of (a) LIBOR plus 1.75%, if the average advances are greater than $150 million, otherwise plus 2.00% or (b) the higher of the prime rate or the federal funds rate plus 0.50%, plus 0.75% if the average advances outstanding are greater than $150 million, otherwise plus 1.00%. This credit facility matures in 2021. Additionally, also on November 28, 2017, Corporate Capital Trust
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