Prospect Capital gives results of tender offer for 5.875% notes

By Marisa Wong

Los Angeles, Nov. 21 – Prospect Capital Corp. announced results of its Nov. 14 cash tender offer for any and all of its $282,364,000 outstanding 5.875% senior notes due 2023 (Cusip: 74348TAJ1), according to a Monday press release.

Holders had tendered a total of $249,000 of notes as of the expiration of the offer at 5 p.m. ET on Nov. 18.

The company will pay $987.50 per $1,000 note, plus accrued interest to but excluding the settlement date.

Settlement is planned for Nov. 23.

There are guaranteed delivery procedures for the offer, as previously announced.

D.F. King & Co., Inc. (866 388-7452, 212 269-5550, psec@dfking.com) is the information and tender agent for the offer.

As previously reported, the company had launched a similar tender offer for the same notes in October. The company had offered to purchase the notes at $985 per $1,000 principal amount and received tenders for $1,508,000 of the notes.

Prospect Capital is a New York-based asset management company.

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