Seeking Alpha

Prospect boosts borrowing capacity; closes another deal

  • Prospect Capital (PSEC) closes a deal for $277.5M of first-lien floating-rate debt to support the refinancing of direct marketing solutions provider IWCO Direct. After closing about $2.7B in deals last year, Prospect has done over $738M in originations thus far this year.
  • In other news, the company boosts its firepower, increasing total commitments for its 5-year $1B credit line by $35M to $792.5M. One new lender was added, brining the total amount of those participating to 24.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs