trending Market Intelligence /marketintelligence/en/news-insights/trending/egcszupshnwttbtw9l52ja2 content
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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Prospect Capital offering senior notes

Mining Exploration Insights – May 2020

Essential Energy Insights - May 14, 2020

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Credit Analytics Case Study: Provogue (India) Limited and Shree Renuka Sugars

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.