NXT Capital, LLC (“NXT”) announced today that it has secured an increase in its total debt financing capacity to $700 million. The most recent increase expands the size of its senior secured revolving credit facility from $300 million to $450 million, providing additional funding for NXT’s middle-market senior secured commercial loan portfolio. Wells Fargo Bank, NA and affiliates (“Wells Fargo”) will remain Administrative Agent and Arranger, and SunTrust Bank and its affiliates (“SunTrust”), having committed the incremental $150 million, will serve as Administrator and Co-Arranger. In conjunction with the increase in the size of the facility the maturity date was extended to April 14, 2016.

Since its launch in April 2010, NXT Capital has quickly re-established a leadership position in the middle-market, having closed over 50 separate transactions representing in excess of $1 billion in new financing commitments. This additional financing capacity will fuel the continued development of the business and our ability to meet the needs of our clients.

“Not only does the upsizing of the credit facility enhance our ability to capitalize on the strong market position we have established, it also provides important additional diversity to our sources of financing”commented NXT’s CFO, Neil Rudd.

Robert Radway, NXT’s Chairman and CEO, added, “Wells Fargo has proven be a great partner in the launch and development of NXT and we are excited about building a similar long-standing relationship with SunTrust.”