NEW YORK, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect", "our", or "we") announced today that Prospect priced an institutional offering of approximately $167 million in aggregate principal amount of 5.5% Series A Notes due 2030 (the "Notes") on October 27, 2025.

"We appreciate the strong support and interest we received from over 40 institutional investors for this oversubscribed unsecured bond offering," said Grier Eliasek, President of Prospect. "This leverage neutral bond offering further strengthens our already diversified financing sources."

The Notes will bear interest at a rate of 5.5% per annum payable quarterly in arrears on March 31, June 30, September 30, and December 31 of each year, commencing on March 31, 2026.

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

The Notes will mature on December 31, 2030 and may be redeemed, at our option, in whole or in part, at any time after 60 days from the date on which the Notes ...