As previously disclosed, MVC Capital, Inc. (the "Fund") is party to a one-year, $25 million revolving credit facility (the “Credit Facility”), dated as of July 31, 2013, with Branch Banking and Trust Company. On August 30, 2019, the Fund renewed the same Credit Facility until August 30, 2020 (the “Amendment”), at which time all outstanding amounts under the Credit Facility will be due and payable. The terms of the Credit Facility remain unchanged and borrowings under the Credit Facility continue to be secured by cash, short-term and long-term U.S. Treasury securities and other governmental agency securities. The terms of the Amendment include a reduced closing fee of $50,000.