Prospect Capital Corp 8-K, filed Oct 14, 2022
Prospect Capital Corp (PSEC)
8-K
2022-10-14
For: 2022-10-14
View Original
Added on
April 10, 2026
About this 8-K
Prospect Capital Corp filed this 8-K on October 14, 2022.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 14, 2022 (October 13, 2022)
(Exact name of registrant as specified in its charter)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 8.01. Other Events.
On October 13, 2022, Prospect Capital Corporation (“Prospect”) increased total commitments to its revolving credit facility (the “Facility”) for Prospect Capital Funding LLC, a GAAP consolidated subsidiary of Prospect, to $1.662 billion in the aggregate. Aggregate commitments are from an expanded group of 47 banks.
On September 7, 2022, Prospect completed an extension and upsizing of the Facility, which was effective on September 15, 2022, and i) extended the term five years and the revolving period four years from such date, ii) changed the interest rate on drawn amounts from one-month LIBOR plus 2.05% to one-month Term SOFR plus 2.05%, and iii) increased the accordion feature, which allows the Facility, at Prospect's discretion, to accept additional commitments for up to a total of $2.000 billion of commitments.
The Facility matures on September 15, 2027. It includes a revolving period that extends through September 15, 2026, followed by an additional one-year amortization period.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
Prospect Capital Corporation
By: /s/ M. Grier Eliasek
Name: M. Grier Eliasek
Title: President and Chief Operating Officer
Date: October 14, 2022
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