Prospect Capital eyes $200 million at-the-market sale of 6.25% notes

By Susanna Moon

Chicago, July 2 – Prospect Capital Corp. plans to sell up to $100 million of its 6.25% notes due June 15, 2024 and up to $100 million of its 6.25% notes due June 15, 2028 under an at-the-market offering.

The company entered into debt distribution agreements on Monday with B. Riley FBR, Inc. and BB&T Capital Markets, a division of BB&T Securities, LLC, for the sale of the notes from time to time, according to a 497 filing with the Securities and Exchange Commission.

The notes have a par value of $25 each.

The 2024 notes and 2028 notes are listed for trading on the New York Stock Exchange under the symbols “PBB” and “PBY,” respectively.

As of June 29, the last reported sales price was $25.36 per 2024 note and $25.10 per 2028 note.

Prospect Capital is a New York City-based asset management company.

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