Prospect Capital begins cash tender offer for $290 million 5.875% notes

By Taylor Fox

New York, March 9 – Prospect Capital Corp. announced a cash tender offer to purchase any and all of its $290 million outstanding 5.875% notes due 2023 (Cusip: 74348TAJ1), according to a news release.

Holders who tender notes will receive $1,042.50 per $1,000 of notes tendered, plus interest.

The offer will expire at 5 p.m. ET March 15.

The settlement date is expected for March 18.

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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