Prospect Capital (PSEC) Increases Revolving Facility to $482.5M
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Price: $2.33 +2.19%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 11.8%
EPS Growth %: -35.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 11.8%
EPS Growth %: -35.3%
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Prospect Capital Corporation (Nasdaq: PSEC) has increased total commitments to its five-year $650 million revolving credit facility by $57.5 million to $482.5 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 $57.5 million in new commitments have come from three new lenders, bringing the total number of lenders to fourteen. The Facility has an investment grade Moody's rating of Aa3.
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 $57.5 million in new commitments have come from three new lenders, bringing the total number of lenders to fourteen. The Facility has an investment grade Moody's rating of Aa3.
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