Fifth Street Senior Floating Rate Corp. Closes Eight-Year, $100 Million Credit Facility With Natixis

Fifth Street Senior Floating Rate Corp. Closes Eight-Year, $100 Million Credit
Facility With Natixis

WHITE PLAINS, N.Y., Nov. 7, 2013 (GLOBE NEWSWIRE) -- Fifth Street Senior
Floating Rate Corp. (NASDAQ:FSFR) ("FSFR") today announced that it has closed
a $100 million credit facility with Natixis, New York Branch ("Natixis").
Pricing on the new facility is set at the applicable commercial paper rate
plus 1.9% per annum.The interest rate would remain the same for any
additional future commitments from Natixis that are funded through its
commercial paper conduit.To the extent new lenders participate in the
facility or Natixis funds incremental commitments outside of its commercial
paper conduit, pricing on those commitments would be three-month LIBOR plus
2.0% per annum.The facility has an 18-month reinvestment period and a final
maturity date of November 1, 2021.DBRS, Inc currently rates the facility AA.

"Our new facility and partnership with Natixis provides FSFR with flexible and
low-cost capital to fund its growing pipeline and increase leverage towards
its target of 0.85x debt-to-equity," stated FSFR's, President Bernard D.
Berman. 

About Fifth Street Senior Floating Rate Corp.

Fifth Street Senior Floating Rate Corp. is a specialty finance company that
provides financing solutions in the form of floating rate senior secured loans
to small and mid-sized companies, primarily in connection with investments by
private equity sponsors.The company's investment objective is to maximize its
portfolio's total return by generating current income from its debt
investments while seeking to preserve its capital. The company has elected to
be regulated as a business development company and is externally managed by
Fifth Street Management LLC, an SEC-registered investment adviser and leading
alternative asset manager with over $3 billion in assets under management.
With a track record of more than 15 years and offices across the country,
Fifth Street's nationally recognized platform has the ability to hold loans up
to $150 million, commit up to $250 million and structure and syndicate
transactions up to $500 million. Fifth Street's website can be found at
fifthstreetfinance.com.

About Natixis

Natixis is the corporate, investment and financial services arm of Groupe
BPCE, the 2nd-largest banking group in France with 21% of total bank deposits
and 36 million clients spread over two networks, Banque Populaire and Caisse
d'Epargne.The Global Structured Credit & Solutions Group of Natixis provides
customized securitization financing, structuring, syndication and advisory
services to clients from its offices in New York, Paris, London, Milan and
Frankfurt.

Forward-Looking Statements

This press release may contain certain forward-looking statements, including
statements with regard to the future performance of the company.Words such as
"believes," "expects," "estimates," "projects," "anticipates," and "future" or
similar expressions are intended to identify forward-looking statements.These
forward-looking statements are subject to the inherent uncertainties in
predicting future results and conditions.Certain factors could cause actual
results to differ materially from those projected in these forward-looking
statements, and these factors are identified from time to time in the
company's filings with the Securities and Exchange Commission.The company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

CONTACT: Investor Contact:
         Dean Choksi
         Senior Vice President of Finance
         & Head of Investor Relations
         (914) 286-6855
         dchoksi@fifthstreetfinance.com
        
         Media Contact:
         Nick Rust
         Prosek Partners
         (212) 279-3115 ext. 252
         pro-fifthstreet@prosek.com
        
         Natixis Contact:
         Michael Hopson, Head of Structured Credit
         (212) 891-5869
         michael.hopson@us.natixis.com

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