Prospect Capital prices $167M institutional unsecured notes offering

Prospect Capital (PSEC) announced that Prospect priced an institutional offering of approximately $167M in aggregate principal amount of 5.5% Series A Notes due 2030 on October 27, 2025. 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 are listed for trading on the Tel Aviv Stock Exchange at certain specified redemption prices. Leader Underwriters is acting as lead distributor and advisor for this offering. The offering is expected to close on October 30, 2025, subject to customary closing conditions, and the Notes and our shares of common stock are expected to list and commence trading on the TASE on November 2, 2025.