PROSPECT CAPITAL CORPORATION

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PROSPECT CAPITAL CORP : Other Events (form 8-K)

12/22/2021 | 04:59pm EDT
Item 8.01. Other Events.
On December 22, 2021, Prospect Capital Corporation ("Prospect") increased total
commitments to its revolving credit facility (the "Facility") for Prospect
Capital Funding LLC, a GAAP consolidated subsidiary of Prospect, by $20 million
to $1.2975 billion in the aggregate. Aggregate commitments are from an expanded
group of 42 banks.
On April 28, 2021, Prospect completed an extension and upsizing of the Facility
extending the term five years and the revolving period four years from such date
and reducing the interest rate on drawn amounts to one-month LIBOR plus 2.05%.
The Facility includes an accordion feature that allows the Facility, at
Prospect's discretion, to accept up to a total of $1.5 billion of commitments.
The Facility matures on April 27, 2026. It includes a revolving period that
extends through April 27, 2025, followed by an additional one-year amortization
period.

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