Financing ·
Prospect Capital prices $300M of 8.95% senior unsecured notes due October 2031
PSECProspect Capital Corp
On November 5, 2026, Prospect Capital Corporation issued $300 million in aggregate principal amount of its 8.95% Notes due 2031 under a supplemental indenture with U.S. Bank Trust Company as trustee. The notes bear interest at 8.95% per year, payable semi-annually on April 30 and October 31, commencing April 30, 2027. They are general senior unsecured obligations ranking equally with existing debt. Net proceeds of approximately $283.4 million will primarily refinance existing indebtedness, including the repayment of its 3.364% Notes due 2026, and maintain balance sheet liquidity. Prospect Capital Corporation is a business development company that provides financing to middle-market companies.