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2 FS KKR Capital units merge

CCT New York Funding LLC on March 4 merged into Locust Street Funding LLC, which entered into an amended loan agreement.

The original loan agreement is dated Nov. 1, 2016.

The amended agreement provides a committed facility of $725 million, the ability to borrow in certain foreign currencies up to a certain limit and an annual interest rate equal to the three-month London interbank offered rate plus 2.50%. The agreement will extend the maturity date of a $325 million committed facility to Jan. 31, 2021, and a $400 million committed facility to Sept. 28, 2022. It also provides for a reinvestment period until Sept. 28, 2021.

CCT New York Funding and Locust Street Funding are wholly owned special-purpose financing subsidiaries of FS KKR Capital Corp.