Prospect Capital Corporation Reports Amendment to Dealer Manager Agreement
Summary
On February 10, 2026, Prospect Capital Corporation amended its Dealer Manager Agreement with Preferred Capital Securities, LLC (via Ex. 1.1, Ex. 5.1). This amendment increased the aggregate liquidation preference for its preferred stock offering from $2,250,000,000 to $2,646,457,550. The Company will now offer up to 105,858,302 shares of preferred stock, including 7.50% Series A5 and 7.50% Series M5 Preferred Stock, while discontinuing several prior series.
Why It Matters
This significant increase in the preferred stock offering size, from $2.25 billion to over $2.64 billion, signals Prospect Capital Corporation's intent to raise substantial capital, potentially impacting its funding structure and future investment capacity.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0001287032
- Filing Date
- Wednesday, February 11, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive