HARVEST CAPITAL CREDIT CORPORATION (NASDAQ:HCAP) Files An 8-K Entry into a Material Definitive Agreement

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HARVEST CAPITAL CREDIT CORPORATION (NASDAQ:HCAP) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01

Entry into a Material Definitive
Agreement.

On April 28, 2017, Harvest Capital Credit Corporation (the
Company) entered into a Fifth Amendment
to Loan and Security Agreement (the
Amendment), by and among the Company,
HCAP Equity Holdings, LLC (HCAP Equity
Holdings
), a Delaware limited liability company and
wholly owned subsidiary of the Company, Pacific Western Bank
(successor-by-merger to CapitalSource Bank), as agent and a
lender, and each of the other lenders from time to time party
thereto, including City National Bank. The Amendment amends the
Loan and Security Agreement dated as of October 29, 2013 (the
Loan Agreement).

The Loan Agreement was amended to, among other things, (i) extend
the expiration of the revolving period from April 30, 2017 to
October 30, 2018; (ii) extend the maturity date from October 29,
2018 to the earlier of (x) April 30, 2020, or
(y) the date that is six (6) months prior to the
maturity of any of the Companys outstanding unsecured longer-term
indebtedness, which, based on the Companys outstanding 7.00%
Notes due 2020 that mature on January 16, 2020, the maturity date
under the facility would be July 16, 2019; and (iii) subject to
certain conditions, provide limited borrowing base credit for the
Companys loans to (x) certain portfolio companies in
which the Company or HCAP Equity Holdings owns in excess of ten
percent of the portfolio companys equity interests and
(y) certain special purpose entity portfolio companies
formed to hold specified assets, which loans previously did not
receive borrowing base credit.

The above summary is not complete and is qualified in its
entirety to the full text of the Amendment, which is filed as an
exhibit hereto.

Item 2.03

Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The disclosure set forth above under Item 1.01 is incorporated by
reference herein.

Item 9.01

Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.

Description

10.1

Fifth Amendment to Loan and Security Agreement, dated as of
April 28, 2017, by and among Harvest Capital Credit
Corporation, HCAP Equity Holdings, LLC, Pacific Western
Bank (successor-by-merger to CapitalSource Bank), as agent
and a lender, and each of the other lenders from time to
time party thereto.


About HARVEST CAPITAL CREDIT CORPORATION (NASDAQ:HCAP)

Harvest Capital Credit Corporation is an externally managed, closed-end, non-diversified management investment company. The Company operates as a business development company and provides customized financing solutions for small to mid-sized companies. Its investment objective is to generate both current income and capital appreciation by making direct investments in the form of subordinated debt, senior debt, and to a lesser extent, minority equity investments in privately-held the United States small to mid-sized companies. Its investment portfolio includes over 56.8% of senior secured term loans, 40.8% of junior secured term loans, 1.3% of equity investments and 1.1% of collateralized loan obligation (CLO) equity at fair value. It may also invest in other investments, such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities. It may also invest in debt and equity securities issued by CLO funds. HCAP Advisors LLC is its investment adviser.

HARVEST CAPITAL CREDIT CORPORATION (NASDAQ:HCAP) Recent Trading Information

HARVEST CAPITAL CREDIT CORPORATION (NASDAQ:HCAP) closed its last trading session up +0.03 at 13.53 with 20,419 shares trading hands.