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Stock Market & Financial Investment News

News Breaks
December 20, 2012
07:13 EDTPSECProspect 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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