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Prospect Capital receives $7.74 million of tenders on 6.375% notes
By Taylor Fox
New York, March 9 – Prospect Capital Corp. received $7,738,000 of tenders on its cash tender offer to purchase any and all $90 million outstanding 6.375% notes due 2024 (Cusip: 74348TAS1), according to a news release.
The offer expired at 5 p.m. ET on March 8.
The total amount includes $255,000 tendered pursuant to guaranteed delivery procedures.
As previously reported, holders who tender notes will receive $1,090 per $1,000 of notes tendered, plus interest.
The settlement date is expected for March 11.
D.F. King & Co. (212 269-5550, 866 388-7452 or psec@dfking.com) is the information and tender agent.
Prospect Capital is a New York-based asset management company.
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