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FIDUS INVESTMENT CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

June 20, 2014



Item 1.01. Entry into a Material Definitive Agreement.

On June 16, 2014, Fidus Investment Corporation (the "Company") entered into a $30 million senior secured revolving credit agreement ("Credit Facility") with certain lenders party thereto and ING Capital LLC, as administrative agent.

The Credit Facility, which matures on June 16, 2018, has an initial commitment of $30 million with an accordion feature that allows for an increase in the total commitments up to $75 million, subject to certain conditions and the satisfaction of specified financial covenants. Borrowings under the Credit Facility bear interest, subject to the Company's election, on a per annum basis equal to (i) the alternate base rate plus 2.5% or (ii) the applicable LIBOR rate plus 3.5%. The alternate base rate is equal to the greater of (i) prime rate, (ii) the federal funds rate plus 0.5% or (iii) the three-month LIBOR rate plus 1.0%. The Company pays a commitment fee ranging from 0.5% to 1.0% per annum on undrawn amounts.

Borrowing under the Credit Facility is subject to, among other things, a minimum borrowing/collateral base. The Credit Facility is secured primarily by the Company's assets, excluding the assets of the Company's wholly-owned small business investment company (SBIC) subsidiaries. The Company has made customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities.

The description above is only a summary of the material provisions of the Credit Facility and is qualified in its entirety by reference to the full text of the Senior Secured Revolving Credit Agreement attached hereto as Exhibit 10.1.

On June 20, 2014, the Company issued a press release announcing its entry into the Credit Facility, a copy of which is attached hereto as Exhibit 99.1.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. Exhibit Description 10.1 Senior Secured Revolving Credit Agreement, dated June 16, 2014, by and among the Company as borrower, the Lenders party thereto, and ING Capital LLC, as Administrative Agent. 99.1 Press Release dated June 20, 2014.



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Source: Edgar Glimpses


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