Prospect Capital Corporation Furnishes Pricing of $167 Million 5.5% Notes Offering
Summary
Prospect Capital Corporation announced the pricing of an institutional offering of approximately $167 million in aggregate principal amount of 5.5% Series A Notes due 2030 on October 27, 2025, as detailed in an October 28, 2025 press release (via Ex. 99.1). The offering was oversubscribed, attracting over 40 institutional investors. The Notes are general senior unsecured obligations, rated ilAA- by S&P Global Ratings Maalot Ltd. The offering is expected to close on October 30, 2025, with listing on the Tel Aviv Stock Exchange Ltd. anticipated for November 2, 2025. Proceeds will primarily refinance existing indebtedness and maintain balance sheet liquidity.
Why It Matters
This oversubscribed $167 million debt offering, detailed in Exhibit 99.1, strengthens Prospect Capital's diversified financing sources and provides capital for refinancing existing debt, which is a positive signal for the company's financial flexibility and capital structure.
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Key Quote
“On October 27, 2025, the Company priced an institutional offering of approximately $167 million in aggregate principal amount of Notes.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001287032
- Filing Date
- Tuesday, October 28, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral