
Oct 30, 2026
The $300M notes offered by Prospect Capital (PSEC) pay cash interest twice a year, starting April 2027.
Prospect Capital Corporation is offering $300 million in 8.95% notes due October 31, 2031, with interest payable semi-annually starting April 30, 2027. The company intends to use the net proceeds, estimated at $283.4 million, primarily to refinance existing debt, including its 3.364% 2026 Notes and revolving credit facility borrowings, with any remainder allocated to liquidity and investments. These fixed-rate notes are senior unsecured obligations and are callable by Prospect Capital under specific conditions.
Company relevance
100.00%
Company sentiment
Somewhat-Bearish
Overall sentiment
Somewhat-Bearish