Replies to post #249 on Prospect Capital Corp (PSEC)

[fuzzy]

Prospect Capital Announces Increase in Revolving Credit Facility ....NEW YORK, July 24, 2014 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (PSEC) ("Prospect", or "we") today announced that Prospect has increased total commitments to its five-year $1.0 billion revolving credit facility (the "Facility") by $10.0 million to $877.5 million in the aggregate.

The Facility includes an accordion feature that allows Prospect to accept up to an aggregate of $1.0 billion of revolving commitments. The $10.0 million commitment comes from a new lender. The total number of lenders in the facility is 29, more lenders than in any other business development company revolving credit facility. The Facility has an investment grade Moody's rating of Aa3.

"The addition of a new lending institution demonstrates continued support of the Facility within the bank community," said Steven Stone, Chief Credit Officer of Prospect.

[jugs]

Thank you! Your generous spirit is more than mildly refreshing to me, quite a rare commodity on message boards more typically given to jealousy and one-upmanship.

My Ameritrade account surprised me this morning when I saw I'd received the PSEC dividend. Ameritrade has been stating it would be delivered on the 29th of this month. I don't mind the cash infusion but wonder about the confusion all the same.

My best to you, hope we find more to exchange on this overly quiet board. The company is a fun one, reassuringly profitable and always coming up with interesting twists.