NGP Capital Resources Company Enters Second Amendment to Treasury Secured Revolving Credit Agreement; Announces Resignation of James R. Latimer, III as Member of the Board of Directors, Member of the Audit Committee, Nominating and Corporate Governance Committee, Compensation Committee and Valuation Committee and Chairman of the Audit Committee
September 28, 2012 at 04:50 pm
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Effective September 25, 2012, NGP Capital Resources Company entered into a second amendment to treasury secured revolving credit agreement, among the company, the lenders party thereto and SunTrust Bank, as administrative agent for the lenders, amending that certain treasury secured revolving credit agreement effective as of March 31, 2011. The second amendment amends certain provisions of the treasury facility to, among other things, (i) increase the company's aggregate commitment amount under the treasury facility by $15,000,000.00 to $45,000,000.00, (ii) extend the commitment termination date by approximately six months from March 31, 2013 to September 25, 2013 and (ii) add Comerica Bank as a new lender under the treasury facility to provide the additional commitment amount.
The company announced that James R. Latimer, III tendered his resignation from his positions as a member of the Board of Directors of the Company, as a member of the Company's Audit Committee, Nominating and Corporate Governance Committee, Compensation Committee and Valuation Committee and as the Chairman of the Company's Audit Committee, citing his intention to accept an engagement as the Chief Restructuring Officer of ATP Oil & Gas Corp.
OHA Investment Corporation is a specialty finance company. The Company focuses primarily on providing direct lending solutions to middle market private companies across industry sectors. The Company's investment portfolio includes debt securities and other investments in upstream exploration and production companies engaged in the acquisition, development and production of oil and natural gas properties in and along the Gulf Coast, in the state and federal waters of the Gulf of Mexico, and in the Permian Basin, Mid-Continent and Rocky Mountain areas. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in senior and junior secured, unsecured and subordinated loans, and to debt securities or preferred stock of the United States private and public middle market companies. The Company may also invest in equity, distressed debt and other assets. The Company's investment advisor is Oak Hill Advisors, L.P.
NGP Capital Resources Company Enters Second Amendment to Treasury Secured Revolving Credit Agreement; Announces Resignation of James R. Latimer, III as Member of the Board of Directors, Member of the Audit Committee, Nominating and Corporate Governance Committee, Compensation Committee and Valuation Committee and Chairman of the Audit Committee
OHA INVESTMENT CORPORATION 
