Current Report Filing (8-k)
March 21 2017 - 6:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
March 16, 2017
FS Investment
Corporation
(Exact name of Registrant as specified in its charter)
Maryland
(State or other jurisdiction
of incorporation)
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814-00757
(Commission
File Number)
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26-1630040
(I.R.S. Employer
Identification No.)
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201 Rouse Boulevard
Philadelphia, Pennsylvania
(Address of principal executive offices)
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19112
(Zip Code)
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Registrant’s telephone number, including area code:
(215) 495-1150
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None
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01.
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Entry into a Material Definitive Agreement.
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On March 16, 2017, FS Investment Corporation (the
“Company”), the several banks and other financial institutions or entities from time to time party thereto, ING Capital
LLC, as administrative agent, and certain subsidiary guarantors of the Company entered into a second amendment (the “Amendment”)
to the Senior Secured Revolving Credit Agreement, dated as of April 3, 2014 (as amended from time to time, the “Credit Agreement”).
The Amendment, among other things, (i) increases the lenders’
commitments under the Credit Agreement to $327,500,000, (ii) extends the term of the revolving period to March 16, 2020 and the
final maturity date to March 16, 2021, (iii) increases the size of the accordion provision to permit increases to the lenders’
commitments under the Credit Agreement up to $600,000,000 and (iv) decreases the Applicable Margin (as defined therein) to 1.25%
with respect to any ABR Loan (as defined therein) and 2.25% with respect to any Eurocurrency Loan (as defined therein). In
addition, the Company paid certain fees in connection with the Amendment.
The foregoing description of the Amendment as set
forth in this Item 1.01 is a summary only and is qualified in all respects by the provisions of the Amendment, a copy of which
is attached hereto as Exhibit 10.1 and is incorporated by reference herein.
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Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
of a Registrant.
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The information provided in Item
1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
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Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits
EXHIBIT
NUMBER
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DESCRIPTION
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10.1
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Amendment No. 2 to Senior Secured Revolving Credit Agreement, dated as of March 16, 2017, among FS Investment Corporation, the several banks and other financial institutions or entities from time to time party thereto, ING Capital LLC, as administrative agent, and certain subsidiary guarantors.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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FS Investment Corporation
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Date:
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March 20, 2017
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By:
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/s/ Stephen S. Sypherd
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Stephen S. Sypherd
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Vice President
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