MVC Capital 8-K 2014
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
January 31, 2014
(Commission File Number)
MVC CAPITAL, INC.
(Exact name of registrant as specified in its charter)
(Jurisdiction of Incorporation) (IRS Employer Identification Number)
287 Bowman Avenue
Purchase, NY 10577
(Address of registrant's principal executive office)
(Registrant's telephone number)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
As previously disclosed, MVC Capital, Inc. (the "Fund") is party to a one-year, $50 million revolving credit facility (the “Credit Facility”), dated as of July 31, 2013, with Branch Banking and Trust Company (“BB&T”).
On January 31, 2014, the Fund increased the size of the Credit Facility with BB&T to $100 million. As of that day, the Fund had outstanding borrowings under the Credit Facility of $100 million. As part of the increase in the Credit Facility, the Fund was subject to a closing fee of approximately $50,000. All other terms of the Credit Facility remain unchanged.
Borrowings under the Credit Facility continue to be secured by cash, short-term and long-term U.S. Treasury securities and other governmental agency securities whose purchase has been approved by BB&T.
The information provided in Item 1.01 is incorporated herein by reference.
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.
Dated: February 4, 2014