Moody's: Prospect Capital Funding LLC rating unaffected by Amendment to Loan and Servicing Agreement

New York, August 29, 2014 -- Moody's Investors Service has determined that entry by Prospect Capital Funding LLC (the "Borrower"), a Middle Market CLO, into an amendment and restatement dated as of August 29, 2014 (the "Fifth Restatement") to the existing amended and restated Loan and Servicing Agreement (the "Agreement"), dated as of March 27, 2012 and evidencing a revolving credit facility (the "Rated Facility") by and among the Borrower, Prospect Capital Corporation, as Servicer, KeyBank National Association and The Royal Bank of Canada, as Co-Syndication Agents, KeyBank National Association, as Facility Agent, and U.S. Bank National Association, as Calculation, Paying and Documentation Agent, and performance of the activities contemplated therein, will not in and of themselves and at this time result in the reduction of its rating of the existing portion of the Rated Facility to below the Required Facility Rating or in a withdrawal of its rating of the existing portion of the Rated Facility. Moody's does not express an opinion as to whether the Fifth Restatement could have non-credit-related effects.

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