Business Context and Reporting Period
This Form 8-K was filed by Fifth Street Finance Corp. on January 8, 2013. The report details a corporate event regarding the expansion of the company's syndicated secured credit facility. Note: The request metadata references "Oaktree Specialty Lending Corp," but the filing text explicitly identifies the registrant as Fifth Street Finance Corp.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, or liquidity ratios. The primary financial metric disclosed relates to debt capacity:
- Previous Borrowing Capacity: $380 million
- New Borrowing Capacity: $415 million
- Administrative Agent: ING Capital LLC
Material Changes
On January 8, 2013, Fifth Street Finance Corp. announced the expansion of its syndicated secured credit facility. This change involved:
- The addition of two new lenders to the facility.
- An increase in total borrowing capacity by $35 million.
Guidance, Outlook, and Risks
The filing text does not contain forward-looking guidance, management commentary on future performance, specific risk factors, or contingencies beyond the announcement of the credit facility expansion. The document incorporates a press release (Exhibit 99.1) by reference for further details.
Investor Verification Checklist
- Verify the identity of the registrant (Fifth Street Finance Corp.) versus the metadata request (Oaktree Specialty Lending Corp.).
- Review the attached press release (Exhibit 99.1) for terms of the new lenders and specific covenants of the expanded facility.
- Confirm the utilization rate of the new $415 million facility in subsequent filings.