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.