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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.