Prospect Capital increases revolving credit facility commitments Prospect Capital announced that the company has increased total commitments to its five-year $650M revolving credit facility by $35M to $552.5M the aggregate. The Facility includes an accordion feature that allows Prospect to accept up to an aggregate of $650M of revolving commitments, a target Prospect expects to reach with additional and existing lenders. The $35M commitment comes from a new lender, bringing the total number of lenders to seventeen. The Facility has an investment grade Moody's rating of Aa3.
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Prospect Capital provides $150M in financing to Artic Glacier Prospect Capital announced that Prospect has provided a $150M senior secured term loan to support the recapitalization of Arctic Glacier. Controlled by H.I.G Capital, Arctic Glacier is the largest producer of packaged ice in Canada and the second largest producer of packaged ice in the United States, primarily under the brand name of Arctic Glacier Premium Ice.