Prospect Floating Rate Fund enters $75M credit facility with Bank OZK, terminates prior $75M facility

Prospect Floating Rate & Alternative Income Fund, Inc.

New $75M senior secured revolving credit facility matures August 10, 2029, with interest at 1-month SOFR + 2.50%.
Prior $75M facility with Sumitomo Mitsui Banking Corporation terminated; $33.8M was drawn at termination.
Borrower is wholly-owned subsidiary Prospect Flexible Funding, LLC; facility secured by Borrower's assets.
Loan Agreement includes customary representations, covenants, and events of default; proceeds used to fund eligible loans.
Facility agent is Bank OZK; U.S. Bank Trust Company serves as calculation agent, paying agent, documentation agent.

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