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Prospect Capital redeems $13.6M of convertible notes due 2020

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Prospect Capital redeems $13.6M of convertible notes due 2020

Prospect Capital Corp. said it redeemed all $13.6 million aggregate principal amount of its 4.750% senior convertible notes due 2020 that were validly tendered and not withdrawn in its redemption offer.

The company had offered to redeem up to $60 million of the notes. About $177.6 million aggregate principal amount of the notes remains outstanding after the redemption.