Prospect Capital Corporation announced it has issued $300 million in aggregate principal amount of senior unsecured notes. The company expects to receive net proceeds of approximately $283.4 million from the offering, which closed on November 5, 2026.
Key Details
- Note Details: The securities are 8.95% Notes due October 31, 2031. Interest will be paid semi-annually on April 30 and October 31, beginning April 30, 2027.
- Use of Proceeds: Net proceeds will be used primarily to refinance existing indebtedness, including the repayment of its 3.364% Notes due 2026 and/or borrowings under its revolving credit facility.
- Note Terms: The Notes are general senior unsecured obligations. The company may redeem the notes at its option, in whole or in part, at any time, subject to a "make-whole" premium prior to April 30, 2029, and at specified redemption prices on or after that date.