UPDATE: Prospect Capital Corporation said it would not change its leverage capacity in a 6 April SEC filing, citing new industry regulations from Standard & Poor’s. The ratings agency had put Prospect on a negative credit watch following its decision to up possibly up its leverage.
Original Story:
Multiple business development companies have taken the first steps to allow the usage of additional leverage, following the passage of a new law doubling the amount these mid-market lending vehicles can statutorily borrow.
