other material
confidence high
sentiment neutral
materiality 0.60
Prospect Capital increases preferred stock offering by $250M to $2.25B
PROSPECT CAPITAL CORP
- Amendment increases aggregate liquidation preference of Preferred Stock offering from $2.0B to $2.25B.
- Reclassified 20M common shares into preferred shares, reducing common share count from 1.352B to 1.332B.
- Offering now covers up to 90M shares of Preferred Stock with $2.25B aggregate liquidation preference.
- Legal opinion on validity of Preferred Stock shares attached as Exhibit 5.1.