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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.