SEC Filing Summary: Form 8-K
Business Context and Reporting Period
Company: Fifth Street Finance Corp. (Note: Request metadata listed "Oaktree Specialty Lending Corp," but the filing text identifies the registrant as Fifth Street Finance Corp.)
Date of Report: February 29, 2012
Event: Entry into a Material Definitive Agreement regarding the amendment of a syndicated secured credit facility.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It focuses exclusively on debt facility terms.
| Metric | Value |
|---|---|
| Existing Credit Facility Size | $230 million |
| Administrative Agent | ING Capital LLC |
| Original Borrowing Period End | February 22, 2013 |
| Original Maturity Date | February 22, 2014 |
| Original Accordion Capacity | Up to $350 million |
Material Changes
On February 29, 2012, Fifth Street Finance Corp. amended its $230 million syndicated secured credit facility (the "ING facility") with the following changes:
- Borrowing Period Extension: Extended from February 22, 2013, to February 27, 2015.
- Maturity Date Extension: Extended from February 22, 2014, to February 29, 2016.
- Accordion Feature Increase: Increased potential future expansion capacity from a total of $350 million to a total of $450 million.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, management commentary on future performance, or specific risk factors beyond the standard incorporation of the credit agreement amendment. The document references a press release dated March 2, 2012, for further details.
Investor Verification Checklist
- Verify the full text of "Amendment No. 3 to Amended and Restated Senior Secured Revolving Credit Agreement" (Exhibit 10.1) for covenants and interest rate implications.
- Confirm the company name discrepancy between the request metadata (Oaktree) and the filing (Fifth Street).
- Review the March 2, 2012, press release (Exhibit 99.1) for management's strategic rationale for the extension.
- Assess the impact of the extended maturity date on the company's long-term liquidity profile.