Sierra BDC adds capital to credit facility

 The new $20 million commitment increases the firm’s total credit line to $170 million.  

Sierra Income Corporation, the non-traded BDC managed by Medley Management, has extended its senior secured revolving credit facility by $20 million.

The $150 million revolver was arranged by ING Capital before an additional undisclosed lender joined the group and committed the $20 million, Sierra said in a statement earlier this week.

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