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Prospect Capital Issues $167 Million Series A Notes

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Prospect Capital Issues $167 Million Series A Notes

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Prospect Capital ( (PSEC) ) has shared an update.

On October 30, 2025, Prospect Capital Corporation issued $167 million in 5.5% Series A Notes due 2030, under a deed of trust with Mishmeret Trust Company Ltd. The notes, which are senior unsecured obligations, will mature on December 31, 2030, and are expected to commence trading on the Tel Aviv Stock Exchange on November 2, 2025. The net proceeds of approximately $160 million will primarily be used for refinancing existing debt and maintaining balance sheet liquidity. The issuance also includes foreign exchange forward contracts to mitigate currency risk, as the notes are denominated in Israeli shekels.

The most recent analyst rating on (PSEC) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on Prospect Capital stock, see the PSEC Stock Forecast page.

Spark’s Take on PSEC Stock

According to Spark, TipRanks’ AI Analyst, PSEC is a Neutral.

The overall stock score is primarily influenced by the financial performance challenges, including declining revenue and profitability. The earnings call provided some positive insights, particularly in net investment income and portfolio repositioning, which helped offset some of the negative aspects. The high dividend yield is a positive factor for valuation, but the negative P/E ratio remains a concern. Technical analysis indicates bearish momentum, further impacting the score.

To see Spark’s full report on PSEC stock, click here.

More about Prospect Capital

Average Trading Volume: 3,969,221

Technical Sentiment Signal: Sell

For detailed information about PSEC stock, go to TipRanks’ Stock Analysis page.

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