Prospect Capital Corporation 6.25% Notes Due 2024
By: Tim McPartland,
Issue Date 12/09/2015
Shares Sold 6,000,000 Overallotment Shares 900,000
S&P Rating BBB- Moodys NR
This issue is investment grade.
Security Ticker Symbol PBB
Market Traded ON NYSE
Interest Payment Paid on the 15th of March, June, September and December beginning on 03/1/2016
Quarterly Interest .391 Annual Interest 1.5625
Securities may be redeemed, at the issuers option, as early as 12/15/2018 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they do not qualify for preferential tax rates.
Prospect Capital is a Closed End Fund organized as a Business Development Company (BDC) and as such they must maintain a asset coverage ratio of 200%.
Maturity Date 6/15/2024
Company Investor Relations Page for Prospect Capital Corporation
Below you can find the offering Prospectus and or final pricing documents