prospect8k.htm
UNITED
STATES
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.
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Date
of Report: June 4, 2009
(Date
of earliest event reported)
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(Exact
name of registrant as specified in its charter)
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MD
(State
or other jurisdiction
of
incorporation)
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333-114552
(Commission
File Number)
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43-2048643
(IRS
Employer
Identification
Number)
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10
East 40th Street, 44th Floor, New York, New York 10016
(Address
of principal executive offices)
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10016
(Zip
Code)
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212
448-0702
(Registrant's
telephone number, including area code)
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Not
Applicable
(Former
Name or Former Address, if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
On
June 1, 2009, Prospect Capital Corporation (“Prospect”) and Coöperative
Centrale Raisseisen-Boerenleenbank B.A., “Rabobank Nederland,” New York Branch
(“Rabobank”) entered into a Third Amendment to the Loan and Servicing Agreement
originally dated as of June 6, 2007, among Prospect Capital Funding LLC,
Prospect and Rabobank (the “Third Amendment”). The revolving period
for Prospect’s credit facility with Rabobank, which matures on June 6,
2010, was previously scheduled to finalize on June 6,
2009. Pursuant to the Third Amendment, Prospect and Rabobank agreed
to extend this revolving period date to June 30, 2009 to allow for
documentation of a further extension.
Prospect
is currently finalizing documentation with Rabobank and certain other banks
to further extend the revolving period date until June 2010, with an
expected maturity in June 2011, and Prospect is negotiating
final commitment letters and definitive documentation toward such
extension. The facility is expected to have an investment grade rating of
A2 or better, as well as an accordion feature to allow for
upsizing. The new facility is subject to documentation and other
conditions customary for such processes. While Prospect is optimistic
that it can successfully reach an agreement, there can be no guarantee any new
facility will be consummated.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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Dated:
June 4, 2009
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PROSPECT
CAPITAL CORPORATION
By: /S/ John F. Barry
III
John F. Barry III
Chief Executive
Officer
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