Prospect Capital to accept $4.22 million tenders on 5.875% notes

By Taylor Fox

New York, March 16 – Prospect Capital Corp. announced the results of its cash tender offer to purchase any and all $290 million outstanding 5.875% notes due 2023 (Cusip: 74348TAJ1), according to a news release.

As of the 5 p.m. ET March 15 expiration date, $4,219,000 of the notes were tendered and not validly withdrawn and will be accepted for purchase.

As previously reported, holders who tendered notes will receive $1,042.50 per $1,000 of notes tendered, plus interest.

Notes may no longer be withdrawn.

Settlement is expected on Match 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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