BlackRock Capital Investment extends maturity of revolver to June 2022

By Marisa Wong

Morgantown, W.Va., June 5 – BlackRock Capital Investment Corp. amended its second amended and restated senior secured revolving credit facility to extend the maturity date to June 5, 2022 from Feb. 19, 2021, according to an 8-K filing with the Securities and Exchange Commission.

The $440 million facility will continue to include a ratable amortization in the final year.

Interest continues to be Libor plus an applicable margin of 175 basis points or 200 bps, depending on a ratio of the borrowing base to certain debt.

The revolver still has an accordion feature allowing the company to increase the size of the revolver up to $750 million.

The facility continues to be subject to a borrowing base.

Citibank, NA is the administrative agent.

The investment management company is based in New York.

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