secwatch.observer — SEC 8-K summary
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Issuer:     PROSPECT CAPITAL CORP (PSEC)
CIK:        0001287032
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001287032-22-000283
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Prospect Capital upsizes credit facility to $1.584B, extends maturity to 2027
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287032/000128703222000283/0001287032-22-000283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287032/000128703222000283/a20220907-psec8xkpcf.htm
  HTML page:      https://secwatch.observer/filing/0001287032-22-000283

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