trending Market Intelligence /marketintelligence/en/news-insights/trending/krekczevia_wsl3mbsdmmw2 content esgSubNav
In This List

OHA Investment amends credit facility to extend maturity

Blog

Spotlight on sustainability How banks can overcome the challenges of achieving Net zero by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


OHA Investment amends credit facility to extend maturity

OHA Investment Corp. amended its credit facility with MidCap Financial Trust, extending the maturity date to Sept. 9, 2019.

The maturity date may be extended for an additional six-month period at the specialty finance company's option.

OHA repaid $7 million of is credit facility, reducing the outstanding principal amount to $29 million. It may re-borrow the $7 million repayment as a delayed draw term loan, which is committed until Sept. 9, 2019.

The interest rate for the borrowings under the credit facility has been reduced to LIBOR plus 4.95% for eurodollar loans and prime plus 3.95% for base rate loans.