GSV Capital Corp. ("GSVC") has entered into a loan and security agreement, effective December 31, 2013, between GSVC and Silicon Valley Bank to provide GSVC with a new $18 million senior secured credit facility. Under the credit facility, GSVC is permitted to borrow an amount equal to the lesser of $18 million or 20% of GSVC's then-current net asset value.

The credit facility, among other things, matures on December 31, 2016, and bears interest at a per annum rate equal to the greater of (i) the prime rate plus 4.75% and (ii) 8.0%. In addition, a fee of $180,000 per annum (1.0% of the $18 million revolving line of credit) is charged under the loan agreement.