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Prospect News home > News index > List of issuers P > Headlines for Prospect Capital Corp. > News item
Published on 3/20/2020 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Prospect Capital tenders for all $234.4 million 6¼% notes due 2024

By Rebecca Melvin

New York, March 20 – Prospect Capital Corp. has commenced a cash tender offer to purchase any and all of its $234,442,575 outstanding of 6¼% notes due 2024 (Cusip: 74348T300), according to a company news release.

The tender offer will expire at 5 p.m. ET on March 26, unless extended by the company. Settlement is set for March 31.

The price paid for each $25 principal amount of notes is $17.00 plus accrued and unpaid interest.

RBC Capital Markets, LLC, (212 618-7843 or 877 381-2099) is the dealer manager for the tender offer.

D.F. King & Co., Inc. is serving as the information and tender agent for the notes.

New York-based Prospect Capital is a business development company focused on lending to and investing in private businesses.


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