Prospect Capital Announces Increase in Revolving Credit Facility Commitments to Over $500 Million

Prospect Capital Corporation

today announced that Prospect has increased total commitments to the five-year $650 million revolving credit facility (the "Facility") for Prospect Capital Funding LLC by $15 million to $507.5 million in the aggregate. The Facility includes an accordion feature that allows Prospect to accept up to an aggregate of $650 million of revolving commitments, a target Prospect expects to reach with additional and existing lenders. The $15 million in new commitments has come from an existing lender. The Facility has an investment grade Moody's rating of Aa3.