Prospect Capital (PSEC) said Wednesday that it has launched a cash tender offer to buy any and all of its outstanding 3.706% notes due 2026.
The business development company said it is offering $990.00 per $1,000 principal amount of notes, in addition to accrued and unpaid interest. The total outstanding principal amount of the notes is approximately $342.9 million.
The offer is set to expire April 17 and has a settlement date of April 22.
Shares of Prospect Capital were down 2.3% in early trading.
Price: 3.42, Change: -0.08, Percent Change: -2.29