Apollo amends date on credit facility

AP News
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Posted: Dec 22, 2009 4:01 PM

Apollo Investment Corp. said Tuesday that it extended the maturity date on its existing senior secured revolving credit facility.

The new maturity date on about $1.2 billion in commitments is April 12, 2013. The amended facility also allows the investment management company to seek additional commitments of up to $2 billion from new and existing lenders.

Non-extending lender commitments total about $380 million and mature on April 13, 2011.

Shares of Apollo Investment rose 19 cents to $9.61 in late trading.