Prospect Capital Announces Increase in Revolving Credit (PSEC)

Prospect Capital Corporation PSEC today announced that Prospect has increased total commitments to the Company's three-year $400 million revolving credit facility by $40 million to $325 million in the aggregate. The Facility includes an accordion feature which allows Prospect to accept up to an aggregate of $400 million of revolving commitments, a target Prospct expects to reach with additional and existing lenders. These commitments, from two new lenders, bring the total number of lenders to ten. The Facility has a reaffirmed investment grade Moody's rating of A2.