debt
confidence high
sentiment neutral
materiality 0.55
Prospect Capital upsizes credit facility to $1.634B, extends term to 2027
PROSPECT CAPITAL CORP
- Total commitments increased by $50M to $1.634B, effective Sep 15, 2022.
- Facility term extended five years to Sep 15, 2027; revolving period to Sep 15, 2026.
- Interest rate changed from LIBOR+2.05% to Term SOFR+2.05%.
- Accordion feature increased to allow up to $2.0B in total commitments.
- Expanded bank group to 45 institutions.