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Prospect Capital unit ups credit facility by $20M

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Prospect Capital unit ups credit facility by $20M

Prospect Capital Corp. on Dec. 27 increased total commitments to its revolving credit facility for subsidiary Prospect Capital Funding LLC by $20 million to $1.02 billion.

The $20 million commitment increases the total lenders under the credit facility to 29. The credit facility has an accordion feature which allows Prospect Capital to accept up to $1.5 billion of commitments.