debt
confidence high
sentiment positive
materiality 0.60
Prospect Capital extends and upsizes credit facility to $2.0665B, maturing 2029
PROSPECT CAPITAL CORP
- Extended revolving credit facility commitments to $2.0665 billion; maturity June 28, 2029.
- Revolving period through June 28, 2028, followed by one-year amortization period.
- Facility is non-recourse to Prospect Capital; used by subsidiary Prospect Capital Funding LLC.
- Amendment also increases certain judgment and settlement thresholds for the Servicer and Borrower.