Prospect Capital Corp. - 2012-08-09
Description
Prospect Capital Corp. announced the pricing of $200 million in aggregate principal amount of unsecured 5.75% Convertible Senior Notes Due 2018. Prospect intends to use the net proceeds from the sale of the Notes to maintain balance sheet liquidity, including repayment of debt under its credit facility and investments in high quality short-term debt instruments, or a combination thereof, and thereafter to make long-term investments in accordance with Prospect's investment objectives.