Prospect Capital begins tender supply for $222.8M convertible notes (NASDAQ:PSEC)

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Prospect Capital (NASDAQ:PSEC) starts a tender offer to repurchase any and all of its excellent $222.79M of 4.95% senior convertible notes due 2022.

The holders will obtain $1,026.25 per $1,000 principal quantity of notes.

The supply will expire at midnight on Nov. 17, 2020.

See PSEC’s long-term debt over the past 11 quarters, ending with June quarter 2020:

Inventory up 0.78% AH.

Beforehand: Prospect Capital offers to repurchase $228.8M of 4.95% convertible notes

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