Prospect Capital improves size and terms of credit facility

|About: Prospect Capital Corpora... (PSEC)|By:, SA News Editor

The revolving credit facility for subsidiary Prospect Capital (NASDAQ:PSEC) Funding LLC has been increased to $1.5B, with the term extended to 5.5 years from today, and the pricing cut 50 basis points to 30-day Libor plus 2.25%.

The facility has closed $800M in commitments to date.