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

Item 8.01. Other events.

On October 13, 2022, Prospect Capital Corporation (“Prospect”) increased the total commitments under its revolving credit facility (the “Facility”) for Prospect Capital Funding LLCa subsidiary consolidated according to Prospect’s GAAP, $1.662 billion in the aggregate. Global commitments come from an expanded group of 47 banks.

On September 7, 2022Prospect completed an expansion and capacity increase of the facility, which took effect on September 15, 2022and (i) extended the five-year term and the four-year renewable period from that date, (ii) changed the interest rate on amounts drawn from one-month LIBOR plus 2.05% at forward SOFR to one month plus 2.05%, and iii) increased accordion feature, which allows the facility, at Prospect’s discretion, to accept additional commitments up to a total of 2 trillion dollars of commitments.

The facility matures on September 15, 2027. It includes a renewable period which extends over September 15, 2026followed by a further amortization period of one year.


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