Prospect Capital tenders for $228.82 million convertibles due 2022

By Taylor Fox

New York, Sept. 3 – Prospect Capital Corp. launched a tender offer to purchase any and all of its $228.82 million 4.95% senior convertible notes due 2022 (Cusip: 7438TAR3), according to an 8-K filing with the Securities and Exchange Commission.

The consideration to be paid for each $1,010 principal amount of notes that are validly tendered and not validly withdrawn on or prior to the expiration date is $1,000.

Holders will also receive accrued interest.

The tender offer is not conditioned on any minimum amount of notes being tendered.

The offer will expire at 12 a.m. ET on Oct. 2.

The settlement date is expected to occur within three business days following the expiration date.

D.F. King & Co., Inc. (212 269-5550, 866 388-7452, psec@dfking.com) is information and tender agent.

Prospect Capital is a New York-based middle market investment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.