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Golub Capital Investment unit increases credit facility to $500M

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Golub Capital Investment unit increases credit facility to $500M

A Golub Capital Investment Corp. unit increased the borrowing capacity under its credit facility to $500 million from $420 million and extended the maturity date to May 24, 2019, from Aug. 30, among other changes.

The company reduced the interest rate on the facility to the one-month London Interbank Offered Rate plus 2.15%, from one-month LIBOR plus 2.25%, and amended the facility to allow the company to borrow in foreign currencies.

The loan is secured by all of the unit's assets.

Wells Fargo Bank NA is the swingline lender, collateral agent, account bank, collateral custodian and administrative agent of the loan.