debt
confidence high
sentiment positive
materiality 0.65
Prospect Capital upsizes credit facility to $1.584B, extends maturity to 2027
PROSPECT CAPITAL CORP
- Facility commitments increased to $1.584B from $1.500B; 44 lenders vs 43.
- Maturity extended to September 15, 2027; revolving period through Sep 15, 2026.
- Interest rate changes from LIBOR+2.05% to Term SOFR+2.05%.
- Accordion feature allows total commitments up to $2.000B at Prospect's discretion.
- Effective date September 15, 2022; existing promissory notes cancelled.