Recent Updates — PSEC
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.
Prospect Capital declared a $0.035 per share monthly cash distribution to common shareholders for November, December, and January, with record dates of November 25, December 29, and January 27, respectively. The company also announced the declaration of monthly dividends on its various preferred stock tranches, including $0.15625 per share for the 7.50% Preferred Stock and $0.135417 per share for the Floating Rate Preferred Stock. Additionally, Prospect Capital's Board increased its common share repurchase program authorization to an aggregate of $200 million. The filing also reported financial results for the fiscal quarter ended September 30, 2026, including a Net Investment Income of $76.4 million and a NAV per common share of $5.36. Prospect Capital is a business development company that primarily lends to and invests in middle-market privately-held companies.
Prospect Capital Corporation filed a current report disclosing preliminary financial estimates for the quarter ended September 30, 2026. The company reported preliminary net investment income of approximately $76 million. Balance sheet metrics include total assets of roughly $6.0 billion and common equity net asset value of about $2.9 billion. Total debt stands at approximately $1.5 billion, representing a leverage ratio of 25% against total assets. Non-accrual investments comprise only 0.2% of the portfolio at fair market value. These figures are preliminary estimates subject to final audit and review procedures.