Fifth Street Finance (FSC) Receives $50M In Long Term Financing Commitment From Wachovia Bank
Fifth Street Finance Corp. (NYSE: FSC) announced that it has received a financing commitment from Wachovia Bank, N.A., a Wells Fargo (NYSE: WFC) company for a three year credit facility in the amount of $50 million with an accordion feature which will allow for potential future expansion of the facility up to $100 million. The facility may be extended for up to two additional years upon the mutual consent of Wachovia and Fifth Street, and will bear interest at a rate of LIBOR plus 4% per annum.
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