On March 13, 2020, Apollo Investment Corporation (the “Company”) entered into an amendment (the “Amendment”) to its amended and restated senior secured revolving credit agreement (the “Senior Secured Agreement”), dated as of November 19, 2018, to increase the total commitments under the Senior Secured Agreement by $100,000,000 from $1,710,000,000 to 1,810,000,000 to the accordion provisions therein. The accordion provisions under the Senior Secured Agreement allow the Company to increase the total commitments under the existing revolving facility up to an aggregate principal amount of $2,385,000,000 from new or existing lenders on the same terms and conditions as the existing commitments. No other amendments were made to the Senior Secured Agreement by the Amendment.
The information disclosed under this Item 8.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
About Apollo Investment Corporation (NASDAQ:AINV)
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and in structured products and other investments, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). Its portfolio also includes equity interests, such as common stock, preferred stock, warrants or options. It invests in investments in the United States secured and unsecured loans, other debt securities and equity, and may also invests a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Apollo Investment Management, L.P. is the investment advisor of the Company.