debt
confidence high
sentiment neutral
materiality 0.35
Prospect Capital launches tender offer for $343M of 3.706% Notes due 2026 at $990/$1,000
PROSPECT CAPITAL CORP
- Tender offer for any and all of $342,947,000 principal of 3.706% Notes due 2026.
- Consideration: $990 per $1,000 principal plus accrued interest, funded by cash and revolving credit.
- Expiration: April 17, 2025; settlement expected April 22, 2025.
- No minimum tender condition; dealer manager is RBC Capital Markets.
- Retail processing fee of $1.00/$1,000 for holders tendering $100,000 or less.