NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ('Prospect”) extended and increased total commitments for its revolving credit facility (the 'Facility”) for Prospect Capital Funding LLC, a GAAP consolidated subsidiary of Prospect, with the most recent upsize in the quarter ended September 30, 2024.

Facility commitments currently aggregate $2.1215 billion from a group of 48 banks (with a combined asset base of over $7.5 trillion), which Prospect considers the largest number of lenders to any business development company's credit facility. The Facility includes an accordion feature allowing aggregate commitments to be increased up to $2.25 billion.