Prospect Capital offers to purchase $81.4 million of 6.375% notes

By Rebecca Melvin

Concord, N.H., Oct. 8 – Prospect Capital Corp. has started an offer to purchase for cash any and all of the $81,389,000 outstanding of its 6.375% notes due 2024 (Cusip: 74348TAS1), according to an offer to purchase on Friday.

The offer will expire at 5 p.m. ET on Oct. 15.

A consideration of $1,077.50 per $1,000 note, plus interest, will be paid to tendering noteholders.

Settlement is planned for Oct. 20.

Prospect Capital originally sold $100 million of the notes in September 2018, according to Prospect News records.

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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