Prospect Capital prices $300 million senior unsecured debt offering
PSEC•Prospect Capital priced a $300 million offering of senior unsecured notes bearing 8.95% interest and due in 2031. Proceeds are expected to refinance existing debt, with any remainder for general corporate purposes.
1. Offering terms
The notes mature on October 31, 2031, and the offering is expected to close on November 5, 2026. Prospect Capital plans to use the proceeds to refinance existing debt, including 3.36% unsecured notes due in 2026 and/or revolving credit facility borrowings. Any remaining proceeds will support general corporate purposes, including investments and balance sheet liquidity.
