Prospect Capital Corporation Announces Pricing of $300 Million of 3.364% Notes Due 2026
May 20, 2021 at 04:31 pm EDT
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Prospect Capital Corporation announced the pricing of $300 million in aggregate principal amount of 3.364% notes due 2026. The Notes will mature on November 15, 2026 and may be redeemed in whole or in part at any time or from time to time at company option at par plus a “make-whole” premium, if applicable. The Notes will bear interest at a rate of 3.364% per year payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2021. The Notes will be general senior unsecured obligations of Prospect, will rank equally in right of payment with Prospect's existing and future senior unsecured debt, and will rank senior in right of payment to any potential subordinated debt, should any be issued in the future.
Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. The Companyâs investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. It invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. It may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P.
PROSPECT CAPITAL CORPORATION 
