Exhibit 10.15

EXECUTION VERSION

AMENDMENT NO. 2 TO AMENDED AND RESTATED

SENIOR SECURED REVOLVING CREDIT AGREEMENT

This AMENDMENT NO. 2 with respect to the Amended and Restated Senior Secured
Revolving Credit Agreement, dated as of February 22, 2011 (as amended by that
certain Amendment No. 1 to Amended and Restated Senior Secured Revolving Credit
Agreement dated as of July 8, 2011, that certain Incremental Assumption
Agreement, dated as of July 8, 2011, that certain Waiver Letter, dated as of
August 3, 2011 and as further amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), is made as of November 29,
2011, among FIFTH STREET FINANCE CORP., a Delaware corporation (the “Borrower”),
FSFC Holdings, Inc., a Delaware corporation (“FSFC”), Fifth Street Fund of Funds
LLC, a Delaware limited liability company (“Fifth Street”; collectively with
FSFC, the “Subsidiary Guarantors”), the Lenders party hereto (the “Lenders”),
and ING CAPITAL LLC, as administrative agent (in such capacity, the
“Administrative Agent”) for the Lenders under the Credit Agreement and as
collateral agent for the parties defined as “Secured Parties” under the
Guarantee and Security Agreement (the “Amendment”). Capitalized terms not
otherwise defined herein shall have the meanings ascribed to them in the Credit
Agreement.

W I T N E S S E T H:

WHEREAS, pursuant to the Credit Agreement, the Lenders have made certain loans
and other extensions of credit to the Borrower;

WHEREAS, the Borrower has requested that the Lenders and the Administrative
Agent amend certain provisions of the Credit Agreement and the Lenders signatory
hereto and the Administrative Agent have agreed to do so on the terms and
subject to the conditions contained in this Amendment;

NOW THEREFORE, in consideration of the promises and the mutual agreements
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

SECTION I AMENDMENT TO CREDIT AGREEMENT

1.1. Amendment. Effective as of the Effective Date (as defined below), and
subject to the terms and conditions set forth below, Section 6.05(b) of the
Credit Agreement is hereby amended by adding the following phrase immediately
following the word “105%” therein:

“(or, solely with respect to the taxable year ended September 30, 2011, 115%,
and solely with respect to the calendar year ending December 31, 2011, 120%)”

SECTION II MISCELLANEOUS

2.1. Conditions to Effectiveness of Amendment. This Amendment shall become
effective as of the date (the “Effective Date”) on which the following
conditions are satisfied:

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(a) The Administrative Agent shall have received counterparts of this Amendment
duly executed and delivered by the Borrower, each Subsidiary Guarantor, the
Issuing Bank and each of the Required Lenders signatory hereto.

(b) The Administrative Agent shall have received reimbursement for all of its
reasonable out-of-pocket costs and expenses in accordance with Section 2.4
hereto.

2.2. Representations and Warranties. To induce the other parties hereto to enter
into this Amendment, the Borrower represents and warrants to the Administrative
Agent and each of the Lenders that, as of the Effective Date and after giving
effect to this Amendment:

(a) This Amendment has been duly authorized, executed and delivered by the
Borrower and each Subsidiary Guarantor party hereto, and constitutes a legal,
valid and binding obligation of the Borrower and each Subsidiary Guarantor party
hereto enforceable in accordance with its terms. The Credit Agreement, as
amended by the Amendment, constitutes legal, valid and binding obligations of
the Borrower and the Subsidiary Guarantors enforceable in accordance with their
respective terms.

(b) The representations and warranties set forth in Article 3 of the Credit
Agreement and the representations and warranties in each other Loan Document,
are true and correct in all material respects (other than any representation or
warranty already qualified by materiality or Material Adverse Effect, which
shall be true and correct is all respects) on and as of the Effective Date or as
to any such representations and warranties that refer to a specific date, as of
such specific date, with the same effect as though made on and as of the
Effective Date.

(c) No Default or Event of Default has occurred and is continuing under the
Credit Agreement.

2.3. Counterparts. This Amendment may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract. This Amendment constitutes the entire contract between and
among the parties relating to the subject matter hereof and supersedes any and
all previous agreements and understandings, oral or written, relating to the
subject matter hereof. Delivery of an executed counterpart of this Amendment by
telecopy or electronic mail shall be effective as delivery of a manually
executed counterpart of this Amendment.

2.4. Payment of Expenses. The Borrower agrees to pay and reimburse the
Administrative Agent for all of its reasonable out-of-pocket costs and expenses
incurred in connection with this Amendment, including, without limitation, the
reasonable fees, charges and disbursements of legal counsel to the
Administrative Agent.

2.5. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

2.6. Incorporation of Certain Provisions. The provisions of Sections 9.01, 9.06,
9.07, 9.09, 9.10 and 9.12 of the Credit Agreement are hereby incorporated by
reference.

2.7. Effect of Amendment. Except as expressly set forth herein, this Amendment
shall not by implication or otherwise limit, impair, constitute a waiver of, or
otherwise affect the rights and

 

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remedies of the Lenders, the Administrative Agent, the Issuing Bank, the
Collateral Agent, the Borrower or the Subsidiary Guarantors under the Credit
Agreement or any other Loan Document, and shall not alter, modify, amend or in
any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement or any other Loan Document, all of
which are ratified and affirmed in all respects and shall continue in full force
and effect. Nothing herein shall be deemed to entitle any Person to a consent
to, or a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Loan Document in similar or different circumstances. This
Amendment shall apply and be effective only with respect to the provisions of
the Credit Agreement specifically referred to herein. After the Effective Date,
any reference to the Credit Agreement shall mean the Credit Agreement as
modified hereby. This Amendment shall constitute a Loan Document.

2.8. Consent and Reaffirmation. (a) Each Subsidiary Guarantor hereby consents to
this Amendment and the transactions contemplated hereby, (b) the Borrower and
each Subsidiary Guarantor agree that, notwithstanding the effectiveness of this
Amendment, the Guarantee and Security Agreement and each of the other Security
Documents continue to be in full force and effect, (c) each Subsidiary Guarantor
confirms its guarantee of the Secured Obligations (as defined in the Guarantee
and Security Agreement and which definition, for clarity, incorporates by
reference the Obligations under the Credit Agreement as amended hereby) and the
Borrower and each Subsidiary Guarantor confirm their grant of a security
interest in their assets as Collateral for the Secured Obligations, all as
provided in the Loan Documents, and (d) the Borrower and each Subsidiary
Guarantor acknowledge that such guarantee and/or grant continues in full force
and effect in respect of, and to secure, the Secured Obligations.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered as of the day and year first above written.

 

FIFTH STREET FINANCE CORP., as Borrower By:  

/s/ Bernard Berman

Name:   Bernard Berman Title:   President FSFC HOLDINGS, INC., as Subsidiary
Guarantor By:  

/s/ Bernard Berman

Name:   Bernard Berman Title:   President FIFTH STREET FUND OF FUNDS LLC, as
Subsidiary Guarantor By:  

/s/ Bernard Berman

Name:   Bernard Berman Title:   President

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ING CAPITAL, LLC, as Administrative Agent, Collateral Agent, Issuing Bank and as
a Lender By:  

/s/ Patrick Frisch, CFA

Name:   Patrick Frisch, CFA Title:   Managing Director

 

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UBS LOAN FINANCE LLC, as a Lender By:  

/s/ Mary E. Evans

Name:   Mary E. Evans Title:   Associate Director By:  

/s/ Irja R. Otsa

Name:   Irja R. Otsa Title:   Associate Director

 

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MORGAN STANLEY BANK, N.A., as a Lender By:  

 

Name:   Title:  

 

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ROYAL BANK OF CANADA, as a Lender By:  

 

Name:   Title:  

 

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KEY EQUIPMENT FINANCE, INC., as a Lender By:  

/s/ Richard S. Andersen

Name:   Richard S. Andersen Title:   Designated Signer

 

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DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender By:  

 

Name:   Title:   By:  

 

Name:   Title:  

 

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PATRIOT NATIONAL BANK, as a Lender By:  

 

Name:   Title:  

 

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