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Apollo Investment secures $1.14B of lender commitments

Apollo Investment Corp. on Dec. 22 amended and restated its senior secured, multicurrency, revolving credit facility.

The amended facility has lender commitments of about $1.14 billion and allows the company to seek additional commitments from new and existing lenders in the future, up to an aggregate facility size not to exceed nearly $1.97 billion.

The final maturity date of the facility is Dec. 22, 2021.

Pricing for eurocurrency borrowings will be 175 or 200 basis points over adjusted LIBOR, and pricing for alternate base rate borrowings will be 75 or 100 basis points over an alternate base rate.