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 (NASDAQ: PSEC) is a closed-end investment company that publicly reports on its lending and investment activities, capital structure and shareholder distributions. News about PSEC often centers on its middle market lending strategy, real estate investments through National Property REIT Corp. (NPRC), and portfolio activity across private companies in multiple industries.
Company press releases and Form 8-K filings provide regular updates on financial results, including net investment income, net income or loss applicable to common shareholders, distributions to common shareholders, net asset value to common shareholders and portfolio composition. Prospect also announces monthly cash distributions to common shareholders and dividends on its various series of preferred stock, detailing record dates, payment dates and per-share amounts.
Investors following PSEC news will see coverage of institutional funding transactions, such as the pricing and issuance of 5.5% Series A senior unsecured Notes due 2030 and their expected listing on the Tel Aviv Stock Exchange. The company also reports on capital and liquidity metrics, including its revolving credit facility, program notes and other unsecured debt, as well as the retirement of existing debt maturities.
Prospect’s news flow includes portfolio developments, such as the acquisition of QC Holdings, Inc., a provider of consumer credit, and new investments in companies like Healthcare Venture Partners, LLC and Verify Diagnostics LLC. Updates on real estate exits and performance at NPRC, along with information on non-accrual loans and yields across the portfolio, are also disclosed. For shareholders, announcements about the annual and special meetings, proxy materials and voting procedures provide insight into governance and stockholder engagement.
By monitoring this PSEC news page, readers can review the company’s official communications on earnings, distributions, capital raising, portfolio transactions and corporate actions as they are released.
Prospect Capital Corporation (NASDAQ: PSEC) has completed the acquisition of QC Holdings, Inc., a consumer credit provider, in an all-cash transaction valued at $115 million. The acquisition closed on June 30, 2025.
Following the acquisition, QC Holdings will continue to operate from its Lenexa, Kansas headquarters as a portfolio company of Prospect. The current management team, including President and CEO Darrin Andersen, will retain their positions. QC Holdings' common stock has been delisted from stock exchanges.
The company has outlined the payment process for stockholders: certificated shareholders will receive transmittal letters within 3-5 business days, while those holding shares through Computershare will receive merger price payments in the same timeframe. Brokerage account holders are advised to contact their brokers regarding payment timing.
Prospect Capital Corporation (NASDAQ: PSEC) has announced the redemption of all outstanding 3.706% Notes due 2026. The redemption will take place on June 18, 2025, with noteholders receiving 100% of the principal amount plus any accrued but unpaid interest up to the redemption date. The Notes are currently held through The Depository Trust Company and will be redeemed following applicable procedures.
Prospect Capital Corporation (NASDAQ: PSEC) has announced its schedule for third fiscal quarter earnings release and conference call. The company plans to file its Form 10-Q report with the SEC containing results for the quarter ended March 31, 2025, on Thursday, May 8, 2025. The earnings press release will be issued after market close on the same day.
A conference call is scheduled for Friday, May 9, 2025, at 9:00 a.m. Eastern Time, accessible via dial-in number 888-338-7333. A replay will be available for approximately 30 days at 877-344-7529 using passcode 7141044. Additionally, a live webcast will be available on the company's website at www.prospectstreet.com.
Prospect Capital (PSEC) has announced the results of its cash tender offer for its outstanding 3.706% Notes due 2026. As of the expiration time on April 17, 2025, a total of $142,961,000 aggregate principal amount of Notes had been validly tendered, including $8,732,000 tendered through guaranteed delivery procedures.
The company will pay $990.00 for each $1,000 principal amount of eligible Notes, plus accrued and unpaid interest. The settlement date is expected to be April 22, 2025. The tender offer targeted Notes with an outstanding principal amount of $342,947,000.
RBC Capital Markets, is serving as the Dealer Manager, while D.F. King & Co., Inc. is acting as the Information and Tender Agent for the tender offer.
Prospect Capital (NASDAQ: PSEC) has announced a definitive merger agreement to acquire QC Holdings in an all-cash transaction valued at approximately $115 million, offering $2.00 per share. The merger has received unanimous approval from QC Holdings' board of directors and majority shareholders.
The transaction is expected to close within 40 to 60 days, subject to regulatory approvals and customary closing conditions. Post-merger, QC Holdings will delist from the OTC Pink Market but maintain its headquarters in Lenexa, Kansas, with current CEO Darrin Andersen and the management team continuing their roles.
The merger aims to provide QC Holdings, a consumer finance business with a 40-year history, access to greater capital through Prospect for future growth and innovation.
Prospect Capital (PSEC) has launched a cash tender offer to purchase any and all of its outstanding 3.706% Notes due 2026. The tender offer will expire on April 17, 2025 at 5:00 p.m., New York City time.
The company is offering to pay $990.00 per $1,000 principal amount of Notes, plus accrued and unpaid interest. The total outstanding principal amount of the Notes is $342,947,000. The expected settlement date is April 22, 2025.
PSEC plans to fund the purchase using cash on hand and borrowings under its revolving credit facility. The company has retained RBC Capital Markets as Dealer Manager and D.F. King & Co. as Information and Tender Agent for the offer. A retail processing fee of $1.00 per $1,000 principal amount will be paid for qualifying retail broker tenders of $100,000 or less.
Prospect Capital (NASDAQ: PSEC) has announced an upcoming webinar titled 'Medium Term Notes – Senior Position and Attractive Income' scheduled for April 14, 2025, at 1:00pm ET. The educational session, which is the third in their investor education series, will focus on senior unsecured bonds and medium term notes.
The webinar will cover how portfolios can benefit from programmatic bonds through:
- Attractive contractual cash income streams
- Optionality across sizes and maturities
- Laddered approach to building a bond portfolio
The event, hosted in collaboration with RIA Channel, offers 1 CFP®/IWI/CFA CE Credit for financial professionals.
Prospect Capital (NASDAQ: PSEC) has received a reaffirmation of its investment grade credit ratings from Egan-Jones Ratings Company. The company maintained its BBB rating for issuer and institutional notes, while its preferred stock retained a BBB- rating.
The ratings reflect Prospect's strong franchise, consistent long-term performance, and conservative leverage strategy. The company's President and COO, Grier Eliasek, highlighted their ongoing portfolio rotation strategy, noting that over 95% of originations in the first two quarters of fiscal 2025 were focused on first lien senior secured loans.
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