Welcome to our dedicated page for Prospect Capital news (Ticker: PSEC), a resource for investors and traders seeking the latest updates and insights on Prospect Capital stock.
Prospect Capital Corporation reports developments as a business development company that lends to and invests in middle-market, privately held companies. The company seeks current income and long-term capital appreciation through debt and equity investments, including senior secured loans, subordinated debt, preferred equity, structured credit, real estate and syndicated debt.
Recurring PSEC news covers quarterly financial results, monthly common shareholder distributions, preferred stock dividends, portfolio financing activity and updates from portfolio companies. Company announcements also include earnings call schedules, annual and special meeting updates, proxy-related matters and capital actions tied to its common stock, preferred stock series and debt financing.
Prospect Capital Corporation has completed its cash tender offer, expiring on March 29, 2021, to purchase outstanding 5.875% Senior Notes due 2023. A total of $726,000 of notes were validly tendered by the expiration time. The consideration for accepted notes will be $1,042.00 for each $1,000 principal, plus accrued interest. The settlement date for the transaction is projected to be March 11, 2021. This tender offer aims to enhance the company's financial flexibility while managing its debt portfolio.
Prospect Capital Corporation has launched a cash tender offer to purchase all outstanding 5.875% Senior Notes due 2023, totaling $285.78 million. The offer expires on March 29, 2021, with settlement expected by April 1, 2021. Each $1,000 principal amount of validly tendered notes will receive $1,042, plus accrued interest. The Tender Offer is not contingent on a minimum amount being tendered and allows for valid withdrawals until the expiration time. D.F. King & Co., Inc. acts as the Information and Tender Agent.
Prospect Capital Corporation announced the results of its cash tender offer to purchase outstanding 6.375% Notes due 2024. As of March 22, 2021, $647,000 in principal of the notes was validly tendered. The offer includes a consideration of $1,087.50 per $1,000 principal amount plus accrued interest, with a settlement date set for March 25, 2021. The company aims to optimize its financial structure through this transaction, facilitated by D.F. King & Co., Inc., the Information and Tender Agent.
Prospect Capital Corporation has initiated a cash tender offer to acquire up to $30 million of its outstanding 4.95% Senior Convertible Notes due 2022. The offer will expire on April 14, 2021. Each validly tendered note will be bought at a price of $1,020.00 per $1,000 principal amount, plus accrued interest. The company may purchase the notes after the expiration date, contingent on conditions being satisfied. If the total tendered exceeds $30 million, a proration factor will apply. Further details can be obtained through D.F. King & Co., Inc.
Prospect Capital Corporation announced a cash tender offer to purchase its outstanding 6.375% Senior Notes due 2024 with a total outstanding principal of $82,262,000. The offer will expire on March 22, 2021, unless extended. Each $1,000 principal amount of validly tendered notes will receive $1,087.50 plus accrued interest. The settlement date is expected to be March 25, 2021. The offer is not conditioned on a minimum amount of notes being tendered and may be amended, extended, or terminated at the company's discretion.
Prospect Capital Corporation announced the completion of its cash tender offer for its 5.875% Senior Notes due 2023. As of the expiration time on March 15, 2021, a total of $4,219,000 in aggregate principal amount of notes was validly tendered. The company will pay $1,042.50 per $1,000 principal amount of eligible notes, plus accrued interest, with settlement expected on March 18, 2021. The offer was made according to the terms set in the Offer to Purchase, which is available through the company's information agent, D.F. King & Co., Inc.
Prospect Capital Corporation (PSEC) reported raising $60.9 million through its preferred stock offering, part of a larger goal of $1 billion. The offering includes up to 40 million shares, with a 5.5% annual dividend rate paid monthly. The Preferred Stock is senior to over $3.4 billion of common stock and is convertible into common stock at the investor's discretion. This fundraising reflects strong investor demand, providing capital protection and liquidity.
Prospect Capital Corporation has initiated a cash tender offer for its 5.875% Senior Notes due 2023, totaling $290 million. The offer, made through an Offer to Purchase, will expire on March 15, 2021, unless extended. Validly tendered notes will receive $1,042.50 per $1,000 principal, plus accrued interest, with settlement expected on March 18, 2021. The Tender Offer is not contingent upon a minimum number of notes being tendered and can be amended or terminated at the company's discretion. D.F. King & Co., Inc. is the Information and Tender Agent.
Prospect Capital Corporation announced the results of its cash tender offer, which expired on March 8, 2021. A total of $7,738,000 in principal amount of 6.375% Notes due 2024 was validly tendered. The company will pay $1,090.00 for each $1,000 principal amount of the Eligible Notes, plus accrued interest, with a settlement date expected on March 11, 2021. D.F. King & Co., Inc. has been retained as the Information and Tender Agent for this process.
On March 2, 2021, Prospect Capital Corporation announced a cash tender offer to buy all outstanding 6.375% Notes due 2024, with an outstanding principal amount of $90 million. The offer expires on March 8, 2021, at 5:00 p.m. New York City time, and the purchase price is set at $1,090.00 per $1,000 principal amount. Settlement is expected by March 11, 2021. D.F. King & Co., Inc. serves as the Information and Tender Agent. This announcement is informational and does not constitute an offer to sell or buy securities.