Daily News: September 1, 2017

JPMorgan Agents $50MM Apollo Investment Upsize


Apollo Investment entered into an amendment to its senior secured revolving credit agreement dated December 22, 2016 with JPMorgan Chase Bank as administrative agent.

The amendment increased multicurrency by $50 million, increasing the total from $1.14 billion to $1.19 billion pursuant to the accordion provision. The accordion provision allows the Apollo to increase the total commitments under the existing revolving facility up to an aggregate principal amount of $1.965 billion from new or existing lenders on the same terms and conditions as the existing commitments.

The amendment also added U.S. Bank as a lender. According to a related 8-K filing, the facility also includes SunTrust Bank, Bank of America, SunTrust Robinson Humphrey and Merrill Lynch, Pierce Fenner & Smith.