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Prospect Capital increases credit facility by $87.5M

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Prospect Capital increases credit facility by $87.5M

Prospect Capital Corp. increased its revolving credit facility by $87.5 million to $1.13 billion in total for unit Prospect Capital Funding LLC on May 28.

The facility has an accordion feature that allows it to accept, at Prospect's discretion, up to $1.5 billion of commitments.

The $87.5 million commitment comes from eight existing lenders and a new one, making the total number of lenders 30.