Prospect Capital begins cash tender offer for $285.78 million 5.875% notes due 2023

By Taylor Fox

New York, March 23 – Prospect Capital Corp. announced a cash tender offer to purchase any and all of its $285,781,000 outstanding 5.875% notes due 2023 (Cusip: 74348TAJ1), according to a news release.

Holders who tender notes will receive $1,042 per $1,000 of notes tendered, plus interest.

The offer will expire at 5 p.m. ET on March 29.

The settlement date is expected for April 1.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.