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AI brief of an SEC Form 8-K · PROSPECT CAPITAL CORP (PSEC)

Prospect Capital issues $300 million 8.95% notes due 2031 to refinance debt

Neutral Impact 3 of 5 financing Written later

Prospect Capital Corporation closed a $300 million offering of 8.95% senior unsecured notes due October 31, 2031 on November 5, 2026, issued under a registered direct offering. The Company expects net proceeds of about $283.4 million, mainly to refinance existing debt, including repaying its 3.364% Notes due 2026 and/or revolver borrowings.

Key points

  • Principal: $300 million of 8.95% Notes due October 31, 2031, with interest paid semi-annually on April 30 and October 31, starting April 30, 2027
  • Expected net proceeds: approximately $283.4 million after estimated offering expenses
  • Use of proceeds: primarily refinancing, including repayment of the 3.364% Notes due 2026 and/or revolving credit facility borrowings
  • Optional redemption at par plus a make-whole premium before April 30, 2029; holders may require repurchase at par plus accrued interest upon a Change of Control Repurchase Event

The filing

CompanyPROSPECT CAPITAL CORP (PSEC)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:01 PM ET
Accession number0001287032-26-000315

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.