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Prospect Capital provides results of cash tender offers for convertible notes

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Prospect Capital provides results of cash tender offers for convertible notes

Prospect Capital Corp. received tenders for $392,000 of its outstanding 4.75% senior convertible notes due 2020 and about $13.4 million of its outstanding 4.95% senior convertible notes due 2022.

The two separate cash tender offers expired at midnight ET on Dec. 7. The company accepted for purchase all notes validly tendered and not withdrawn in the tender offers.

Prospect Capital will purchase the tendered notes due 2020 at the applicable purchase price plus accrued and unpaid interest, if any, from Oct. 15, up to but not including the settlement date. The company will purchase the tendered notes due 2022 at the applicable purchase price plus accrued and unpaid interest, if any, from July 15, up to but not including the settlement date.

Following settlement of the tender offers, about $175.0 million of the notes due 2020 and about $292.1 million of notes due 2022 will remain outstanding.