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Prospect Capital Corporation Extends and Increases Revolving Credit Facility to Over $2.1 Billion of Aggregate Commitments

Oct 07, 2024•over 1 year ago

Contract Type

agreement

New YorkFinancial ServicesFinanceLending

Description

Prospect Capital Corporation has extended and increased its total commitments for the revolving credit facility to over $2.1 billion. The facility comprises five years from the initial closing, with an accordion feature allowing aggregate commitments to be increased up to $2.25 billion.

Company Information

Company

Prospect Capital Corporation

Location

New York, New York, United States

About

Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses, with the largest number of lenders to any business development company's credit facility.

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