ProspectCapital Corp. filed a pricing supplement for an offering of$953,000 of its 5.500% senior notes due May 15, 2021.
The trade date for the notes is May 9, and the settlement dateis May 12. Interest on the notes will start to accrue May 12 and will be paidMay 15 and Nov. 15 of each year, starting Nov. 15.
The company will initially use the net proceeds from thesale to maintain balance sheet liquidity and to invest in high-quality,short-term debt instruments. Subsequently, the company will make long-terminvestments.
Incapital LLC, Bank of America Merrill Lynch, Citigroup andRBC Capital Markets are the underwriters for the offering.