- Prospect Capital (NASDAQ:PSEC) starts a cash tender offer to buy up to $60M of its 4.95% senior convertible notes due 2022, or about 54% of the $111M notes outstanding.
- The tender offer is set to expire at midnight Sept. 24 (one minute after 11:59 PM on Sept. 23).
- The company will pay $1,025.00 plus accrued and unpaid interest for each $1,000 principal amount of notes.
- Earlier this month, Prospect Capital (PSEC) raised more than $300M through a preferred share issuance.
Prospect Capital offers to buy up to $60M of convertible notes
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Symbol | Last Price | % Chg |
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PSEC | - | - |
Prospect Capital Corporation |