FS Investment Corporation 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by FS Investment Corporation (the "Company") on December 16, 2015, reporting events occurring on December 15, 2015. The filing concerns Broad Street Funding LLC, a wholly-owned financing subsidiary of the Company.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. The report focuses exclusively on a specific amendment to an existing credit facility.
Material Changes
- Credit Facility Amendment: On December 15, 2015, Broad Street Funding LLC and Deutsche Bank AG entered into an amendment to their revolving credit facility.
- Maturity Extension: The amendment extends the maturity date of the Credit Facility to January 19, 2016.
- Terms: No other material terms of the Credit Facility were changed in connection with this amendment.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statements regarding future performance and operations. It notes that actual results may differ due to economic changes, operational disruptions, terrorism, natural disasters, or regulatory changes. The Company explicitly states it undertakes no obligation to update these statements.
Investor Verification Checklist
- Verify the full text of the Tenth Amendment to the Credit Agreement (Exhibit 10.1) to confirm no undisclosed covenants or conditions were added.
- Confirm the Company's ability to repay or refinance the facility by the new maturity date of January 19, 2016.
- Review recent 10-K or 10-Q filings for the total outstanding balance under this specific revolving credit facility.