ProspectCapital Corp. is offering about $3.0 million of its 5.000%unsecured notes due Sept. 15, 2021.
The trade date for the notes is Sept. 26, and the settlementdate is Sept. 29. Interest on the notes will accrue beginning Sept. 29, andwill be payable March 15 and Sept. 15 each year, starting March 15, 2017.
The company also filed a preliminary pricing supplement foran undisclosed amount of its 5.000% unsecured notes due Oct. 15, 2021.
The trade date for the notes is Oct. 3, and the settlementdate is Oct. 6. Interest on the notes will begin to accrue Oct. 6, and will bepayable April 15 and Oct. 15 each year, starting April 15, 2017.
The company plans to use the net proceeds to repay debtunder its credit facility and redeem its outstanding notes and other debt; toinvest in high-quality, short-term debt instruments or a combination thereof;and thereafter to make long-term investments.
Incapital LLC, Bank of America Merrill Lynch, Citigroup andRBC Capital Markets are listed as underwriters for the offerings.