Prospect Capital receives $647,000 tenders on 6.375% notes due 2024

By Taylor Fox

New York, March 23 – Prospect Capital Corp. announced the results of its tender for $82,262,000 outstanding of 6.375% notes due 2024 (Cusip: 74348TAS1), according to a news release.

As of the 5 p.m. ET on March 22 expiration time, $647,000 of the notes were tendered with no amount tendered pursuant to guaranteed delivery procedures.

As previously reported, a consideration of $1,087.50 per $1,000 note, plus interest, will be paid to tendering noteholders.

Settlement is planned for March 25.

D.F. King & Co. Inc. (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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