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.