debt
confidence high
sentiment neutral
materiality 0.60
Prospect Capital increases revolving credit facility commitments to $1.662B from 47 banks
PROSPECT CAPITAL CORP
- Total commitments raised to $1.662 billion; expanded bank group now includes 47 lenders.
- Facility matures September 15, 2027; revolving period extends through September 15, 2026.
- Interest rate on drawn amounts changed from 1M LIBOR+2.05% to 1M Term SOFR+2.05%.
- Accordion feature allows Prospect to increase commitments up to $2.0 billion at its discretion.