PSEC – A Prospect Capital Fund

Prospect Energy Corporation Closes Larger $50 Million Revolving Credit Facility

July 26, 2006

NEW YORK, NY – (MARKET WIRE) – 07/26/06 – Prospect Energy Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that Prospect has closed a
$50 million revolving credit facility (the “Facility”) with HSH
Nordbank as administrativ…