UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 27, 2010
Fifth Street Finance Corp.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation) | | 1-33901
(Commission File Number) | | 26-1219283
(I.R.S. Employer Identification No.) |
10 Bank Street, Suite 1210
White Plains, New York 10606
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code:(914) 286-6800
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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| Item 1.01. | | Entry into a Material Definitive Agreement. |
On May 27, 2010, Fifth Street Finance Corp. entered into a three-year secured syndicated revolving credit facility led by ING Capital LLC. The ING facility bears interest at a rate of either (i) LIBOR plus 3.5% per annum or (ii) 2.5% per annum plus an alternate base rate based on the greatest of the Prime Rate, Federal Funds Rate plus 0.5% per annum or LIBOR plus 1% per annum, and has a maturity date of May 27, 2013. The initial commitment under the ING facility is $90 million, and the facility includes an accordion feature that allows for potential future expansion of the facility from a total of $90 million up to a total of $150 million.
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| Item 2.03. | | Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. |
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
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| Item 9.01. | | Financial Statements and Exhibits |
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
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| Exhibit No. | | Description |
| | 99.1 | | | Press Release dated June 3, 2010 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Date: June 3, 2010 | FIFTH STREET FINANCE CORP.
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| | By: | /s/ Bernard D. Berman | |
| | | Name: | Bernard D. Berman | |
| | | Title: | President | |
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