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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Prospect Capital Corporation | NASDAQ:PSEC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.04 | -0.72% | 5.48 | 5.48 | 5.52 | 5.52 | 5.48 | 5.52 | 1,201,248 | 00:57:31 |
Price to Public:
|
99.685%
|
Optional Redemption:
|
The Company may redeem in whole or in part at any time, from time to time at a redemption price equal to the greater of the following amounts, plus, in each case, accrued and unpaid interest to the redemption date:
100% of the principal amount of the Notes to be redeemed, or
the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of accrued and unpaid interest to the date of redemption) on the Notes to be redeemed assuming for this purpose that the Notes mature on December 15, 2023, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using the applicable Treasury Rate plus 50
basis points;
provided, however
, that if the Company redeems any Notes on or after December 15, 2023 (the date falling one month prior to the maturity date of the Notes), the redemption price for the Notes will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued interest and unpaid interest, if any, to, but excluding, the date of redemption.
|
Change of Control:
|
Holders have the right to require the Company to repurchase the Notes at 100% of their principal amount plus accrued interest and unpaid interest, if any, in the event of a change of control repurchase event.
|
Interest Rate Adjustment:
|
The interest rate payable on the Notes will be subject to adjustment from time to time if an Interest Rate Adjustment Triggering Event occurs or, if following an Interest Rate Adjustment Triggering Event, S&P (or, if applicable, any Substitute Rating Agency) subsequently upgrades the debt rating assigned to the Notes, in each case in the manner described under “Description of the Notes-Interest Rate Adjustment” in the preliminary prospectus supplement.
|
Managers:
|
RBC Capital Markets, LLC/Goldman Sachs & Co. LLC
|
Lead Managers:
|
Barclays Capital Inc./BNP Paribas Securities Corp.
|
Co-Managers:
|
BB&T Capital Markets, a division of BB&T Securities, LLC/Comerica Securities Inc./KeyBanc Capital Markets Inc./Mizuho Securities USA LLC
|
1 Year Prospect Capital Chart |
1 Month Prospect Capital Chart |
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