trending Market Intelligence /marketintelligence/en/news-insights/trending/UMqm6Lg__OWwRzlo7uFFlw2 content esgSubNav
In This List

Prospect Capital files for debt offering

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Prospect Capital files for debt offering

Prospect Capital Corp. filed a prospectus for the sale of up to $500 million of Prospect Capital InterNotes from time to time.

The notes will be Prospect's general, senior unsecured obligations and will rank equally in right of payment with all of its existing and future senior unsecured debt.

The trustee for the notes is U.S. Bank NA, and the notes will not be subject to any sinking fund.

The company plans to use the net proceeds from the sale of the notes initially to maintain balance sheet liquidity, involving repayment of debt under its credit facility and redemption of outstanding Prospect Capital InterNotes and other debt, investments in short-term debt instruments or a combination thereof, and thereafter to make long-term investments.

Incapital LLC is the purchasing agent in connection with the offering. Citigroup Global Markets Inc. and RBC Capital Markets LLC are acting as agents.