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Prospect Capital extends tender offers for notes due 2020, 2022

Prospect Capital Corp. has extended the expiration date and withdrawal deadline for two separate cash tender offers.

The company is offering to purchase up to $10 million of its outstanding 4.75% senior convertible notes due 2020 and up to $25 million of its outstanding 4.95% senior convertible notes due 2022.

Each tender offer will expire at midnight ET on Jan. 23, from the previous expiration at midnight ET on Jan. 21. Tendered notes may be validly withdrawn from the applicable tender offer at or prior to midnight ET on Jan. 23.

Thereafter, tenders are irrevocable except that notes not yet accepted for purchase may be withdrawn at any time after Feb. 20.

The settlement date is now expected to be Jan. 27.