12:51 PM EDT, 10/07/2024 (MT Newswires) -- Prospect Capital ( PSEC ) said Monday it increased total commitments under its revolving credit facility to $2.12 billion for its Prospect Capital Funding unit during the quarter ended Sept. 30.

The facility includes an accordion allowing total commitments to reach $2.25 billion, the company said.

The facility has a five-year term from its preliminary completion, with a revolving period of four years, Prospect Capital ( PSEC ) said, adding that the facility includes an additional one-year amortization period.

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