trending Market Intelligence /marketintelligence/en/news-insights/trending/egcszupshnwttbtw9l52ja2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Prospect Capital offering senior notes

TMT: Leading Trends And What To Watch

US Utility Commissioners: A Key Factor In Assessing Regulatory Risk

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel


Prospect Capital offering senior notes

ProspectCapital Corp. is offering about $5.7 million of its 5.500% seniornotes due July 15, 2021.

The trade date for the notes is July 25, and the settlement dateis July 28. Interest on the notes will accrue starting July 28 and will be paidJuly 15 and Jan. 15 of each year, starting Jan. 15, 2017.

The company also filed a preliminary pricing supplement foran undisclosed amount of its 5.500% senior notes due Aug. 15, 2021. The tradedate for those notes is Aug. 1, and the settlement date is Aug. 4. Interestwill begin to accrue Aug. 4 and will be payable Feb. 15 and Aug. 15 of eachyear, starting Feb. 15, 2017.

The company expects to use the net proceeds initially tomaintain balance sheet liquidity, involving the repayment of debt under itscredit facility and redemption of outstanding notes and other debt; to investin high-quality, short-term debt instruments or a combination thereof; andthereafter to make long-term investments.

Incapital LLC, Bank of America Merrill Lynch, Citigroup andRBC Capital Markets are underwriters for both offerings.