THL Credit Inc. amended and extended its revolving credit facility with ING Capital LLC as agent.
The revolving facility's availability period was extended to December 2021 from August 2019, followed by a one-year amortization period with a final maturity in December 2022.
The company's existing $75 million term loan facility has been refinanced into the revolving facility, the commitments of which have been reduced to $275.0 million from $303.5 million.
The revolving facility's pricing is unchanged at the London Interbank Offered Rate plus 2.5%. The term loan facility was previously priced at LIBOR plus 2.75%.