Prospect Capital to price notes due 2024 through two bookrunners

By Devika Patel

Knoxville, Tenn., Sept. 27 – Prospect Capital Corp. intends to offer notes due Jan. 15, 2024 (expected S&P: BBB-/ Kroll: BBB/ Egan-Jones: BBB), according to a 497 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until Dec. 15, 2023 and then a par call.

RBC Capital Markets Corp. and Goldman Sachs & Co. are the bookrunners.

The New York-based asset management company plans to use the proceeds to repay borrowings under its revolving credit facility, maintain balance sheet liquidity and make investments.

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