Rutan Reps Fifth Street In $200M Sumitomo Credit Deal

Law360, New York (September 20, 2011, 1:38 PM EDT) -- Fifth Street Finance Corp. announced Tuesday that it had sealed a deal with affiliates of Sumitomo Mitsui Financial Group Inc. for a $200 million credit facility to facilitate loans to small and midsize businesses.

Fifth Street strengthened its ties to Sumitomo Mitsui Banking Corp. — and bolstered its investment strategy — by clinching the seven-year $200 million credit agreement, financing that will be used to partner with private equity firms spearheading middle market acquisitions, the firm said. The Japanese conglomerate is active both in banking and...
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