debt
confidence high
sentiment neutral
materiality 0.50
Prospect Capital prices $167M of 5.5% Series A Notes due 2030 in oversubscribed offering
PROSPECT CAPITAL CORP
- $167M aggregate principal of 5.5% Series A Notes due Dec 31, 2030; oversubscribed with over 40 institutional investors.
- Notes are senior unsecured, rated ilAA- by S&P Maalot, expected to close Oct 30, 2025 and list on TASE Nov 2, 2025.
- Proceeds primarily to refinance existing indebtedness, including repayment of revolving credit facility; remainder for liquidity and investments.
- Interest payable quarterly at 5.5% starting Mar 31, 2026; redeemable at option after 60 days from TASE listing at specified prices.