trending Market Intelligence /marketintelligence/en/news-insights/trending/Iqxfh5WQSsk5niOPPI-Xrw2 content esgSubNav
In This List

Prospect Capital prices senior notes offering

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Prospect Capital prices senior notes offering

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.