Fifth Street Finance Corp. said Thursday that it has closed a $90 million, three-year syndicated credit facility led by ING Capital LLC, The Associated Press reports.
The $90 million amount is expandable up to $150 million, according to the company.
Based in White Plains, N.Y., Fifth Street is a specialty finance company that lends to small and mid-sized companies.
Shares of Fifth Street rose 20 cents to $11.72 in afternoon trading Thursday.
