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NGP Capital Resources Extends Credit Facility

October 7, 2009 (FinancialWire) — NGP Capital Resources Company (NASDAQ: NGPC) has extended the maturity of its Investment Credit Facility (the Investment Facility) from August 31, 2010 to August 31, 2012.

The Investment Facility is priced at LIBOR plus 425 to 575 basis points, depending on the amount drawn. The company paid a 100 basis point fee in conjunction with the extension of the maturity. Three of the four banks in the syndicate reduced their commitments, resulting in the reduction of the current commitments under the Investment Facility to $67.5 million from $87.5 million.

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