Prospect Capital extended and increased total commitments for its revolving credit facility for Prospect Capital Funding, a GAAP consolidated subsidiary of Prospect, with the most recent upsize in the quarter ended Sept. 30, 2024._x000D_
_x000D_
Facility commitments currently aggregate $2.1215 billion from a group of 48 banks (with a combined asset base of over $7.5 trillion). The facility includes an accordion feature allowing aggregate commitments to be increased up to $2.25 billion._x000D_
_x000D_
The facility term comprises five years from the initial closing, with a maturity of June 28, 2029. The facility has a revolving period of four years from the initial closing, extending through June 28, 2028 and followed by an additional one-year amortization period._x000D_
_x000D_
“Prospect Capital is pleased to have the longstanding support of so many strong relationship banks, some of which date all the way back to 2009 with our credit relationship,” Grier Eliasek, president and chief operating officer of Prospect, said. “We look forward to continuing such relationships for many years to come, with our industry leading facility providing Prospect with efficient capital to help meet the investment and financing needs of our business and portfolio companies.”
Forward for Specialty Finance
