Prospect Capital Corporation

$PSEC
Finance: Consumer Services
Finance

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.

IPO Year: 2004

Exchange: NASDAQ

Website: prospectstreet.com

Peers

$SSSS

Recent Analyst Ratings for Prospect Capital Corporation

DatePrice TargetRatingAnalyst
11/9/2021Underperform → Market Perform
Raymond James
8/26/2021$6.00 → $6.50Underweight
Wells Fargo
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Prospect Capital Corporation Press Releases

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  • Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 3.706% Notes due 2026

    NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the "Company") today announced the results of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated April 9, 2025 (the "Offer to Purchase"), which set forth the terms and conditions of the Tender Offer, and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery"). As of the previously announced expiration time of 5:00 p.m., New York City time, on April 17, 2025 (the "Expiration Time"), according to information provided by D.F. King & Co., Inc., the Inf

    $PSEC
    Finance: Consumer Services
    Finance
  • QC Holdings, Inc. to be Acquired by Prospect Capital Corporation

    NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- A portfolio company of Prospect Capital Corporation ("Prospect") (NASDAQ: PSEC) and QC Holdings, Inc. ("QC Holdings" or the "Company") (OTCPK:QCCO) today announced they have entered into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the "Merger"). The Merger was unanimously approved by the board of directors of QC Holdings and by the holders of a majority of the outstanding shares of the Company's common stock. No other

    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital Corporation Announces Launch of Cash Tender Offer For Any and All of its Outstanding 3.706% Notes due 2026

    NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the "Company") today announced that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on April 17, 2025, or any other date and time to which the Company extends the Tender Offer (such date and time, as it may or may not be extended, the "Expiration Time"). The Tender Offer is made pursuant to an Offer to Purchase dated today and related notice of guaranteed delivery, which set forth the terms and conditions of the Tender Offer. Title of SecurityCUSIP / ISIN Nos.Outstanding Principal A

    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital Corporation Hosting Upcoming Webinar: "Medium Term Notes – Senior Position and Attractive Income"

    NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect", "our", or "we") is pleased to host an upcoming webinar for financial professionals titled "Medium Term Notes – Senior Position and Attractive Income". The webinar will provide attendees an overview of senior unsecured bonds, medium term notes, and how a portfolio can benefit from programmatic bonds through attractive contractual cash income streams, optionality across sizes and maturities, and a laddered approach to building a bond portfolio. Please join us for the presentation on April 14, 2025 at 1:00pm ET. Registration is available here. This webinar is accepted for 1 CFP® / IWI / CFA CE

    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital's Credit Ratings Reaffirmed Investment Grade by Egan-Jones Ratings Company

    NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect", "our", or "we") today announced that Egan-Jones Ratings Company ("Egan-Jones") has reaffirmed Prospect's investment grade issuer and institutional notes credit ratings at BBB, and preferred stock credit ratings at BBB-. "We are very pleased that Egan-Jones has reaffirmed our issuer investment grade credit rating as well as investment grade credit ratings for our institutional notes and preferred stock," said Grier Eliasek, President and Chief Operating Officer at Prospect. "We believe these investment grade credit ratings reflect the strength of Prospect's solid franchise, long term perfo

    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital's Credit Ratings Reaffirmed Investment Grade by Morningstar DBRS with Stable Trend

    NEW YORK, March 28, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect", "our", or "we") today announced that Morningstar DBRS ("DBRS") has reaffirmed Prospect's investment grade issuer and long term senior debt credit ratings at BBB(low), and assigned a revised trend of Stable. "We are very pleased that Morningstar DBRS, which has rated Prospect for many years, has reaffirmed our investment grade credit ratings," said Grier Eliasek, President and Chief Operating Officer at Prospect. "Our strong business profile is supported by a multi-decade track record, over $21 billion invested across 400+ investments, $4.7 billion in cumulative principal bond repayments

    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital Repays March 2025 Bond and Achieves Track Record of $4.7 Billion in Cumulative Principal Bond Repayments During More Than 20 Year History

    NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect", "our", or "we") today announced the full and timely repayment of our convertible bond due March 2025, marking another milestone in Prospect's long-standing track record of responsible and low debt leverage balance sheet management. With this latest repayment, Prospect has now over our more than 20-year history repaid approximately $4.7 billion in principal bond obligations across 874 debt tranches spanning diversified funding sources, reinforcing Prospect's reputation as a reliable and disciplined issuer in the capital markets. Prospect's repaid bond obligations include institutional non-c

    $PSEC
    Finance: Consumer Services
    Finance
  • R-V Industries' to Participate in Several Upcoming Industry Events

    HONEY BROOK, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- R-V will be participating in several upcoming industry events. Ackley, Beta Star, Genesis, and R.W. Hartnett will be exhibitors at the Interphex trade show April 1-3 in New York City. Ackley and R.W. Hartnett will be exhibiting at the CPHI show October 28-30 in Frankfurt, Germany. Having four of its brands at the world's biggest pharma-centric trade shows demonstrates R-V's emergence as a significant player across the pharmaceutical landscape and is indicative of a company-wide commitment to manufacturing excellence, regardless of the industry. Market and product diversity has been a key differentiator of R-V Industries over its 51-year

    $PSEC
    Finance: Consumer Services
    Finance
  • Priority Income Fund Announces 13.0% Annualized Total Cash Distribution Rate (on Class R Offering Price) with "Bonus" and "Base" Common Shareholder Distributions for March 2025 through May 2025

    NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund") announced today that the Fund's Board of Directors has declared monthly cash "base" and "bonus" common shareholder distributions for March 2025, April 2025 and May 2025. The annualized total cash distribution is $1.34016 per share (13.0% annualized rate for Class R and 14.0% annualized rate for Class I), for distributions with record dates between March 13, 2025 and May 5, 2025 based on the current Class R offering price of $10.29 per common share and the current Class I offering price of $9.60 per common share. The cash "base" distribution will have monthly record dates and

    $PSEC
    Finance: Consumer Services
    Finance
  • Town & Country Living Unveils Stylish and Functional Pet Comfort Collection at Global Pet Expo 2025

    NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Town & Country Living, a leader in home textiles and pet comfort products, is set to showcase its newest line of pet accessories at the Global Pet Expo in Orlando, FL, from March 26-28, 2025. This highly anticipated debut marks the expansion of the company's Town & Country Living pet brand, offering a blend of style, comfort, and convenience for pets and their owners. Designed to complement modern home décor, the Town & Country Living Pet Comfort Collection features a variety of plush, easy-care pet beds in shapes ranging from bolsters and donuts to couch protectors and crate mats. Available in sizes for small to extra-large dogs, the collection

    $PSEC
    Finance: Consumer Services
    Finance

Prospect Capital Corporation Analyst Ratings

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Prospect Capital Corporation Insider Purchases

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Prospect Capital Corporation Insider Trading

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Prospect Capital Corporation SEC Filings

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Prospect Capital Corporation Leadership Updates

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  • Catalent Appoints Joseph A. Ferraro as Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary

    Catalent, Inc. (NYSE:CTLT), the leader in enabling the development and supply of better treatments for patients worldwide, today announced the appointment of Joseph A. Ferraro as Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary. Mr. Ferraro will be responsible for managing Catalent's global legal and compliance operations. He will be based at the company's headquarters in Somerset, New Jersey, head up the company's Legal Leadership Team, and serve on its Executive Leadership Team, reporting directly to Catalent's Executive Vice President and Chief Administrative Officer, Steven Fasman. This press release features multimedia. View the full release here: https:/

    $CTLT
    $PSEC
    $VATE
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Finance: Consumer Services
    Finance

Prospect Capital Corporation Financials

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  • Priority Income Fund Announces Declaration of Preferred Stock Distributions for March 2025

    NEW YORK, March 11, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund") announced today that the Fund's Board of Directors has declared distributions on shares of the Fund's 7.00% Series D Term Preferred Stock due 2029 ("Series D"), 6.625% Series F Term Preferred Stock due 2027 ("Series F"), 6.000% Series H Term Preferred Stock due 2026 ("Series H"), 6.125% Series I Term Preferred Stock due 2028 ("Series I"), 6.000% Series J Term Preferred Stock due 2028 ("Series J"), 7.000% Series K Cumulative Preferred Stock ("Series K"), and 6.375% Series L Term Preferred Stock due 2029 ("Series L").  Ex-Dividend DateRecord DatePayable DateDistribution per ShareSer

    $PSEC
    Finance: Consumer Services
    Finance
  • Priority Income Fund Announces Redemption of its 6.000% Series H Term Preferred Stock Due 2026

    NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund") announced today that it will redeem all outstanding shares of its 6.000% Series H Term Preferred Stock Due 2026 ((CUSIP: 74274W 798, NYSE:PRIF) (the "Series H Preferred Shares") at a price of $25 per Series H Preferred Share, plus accrued but unpaid dividends per Series H Preferred Share from March 31, 2025, to but excluding, the Redemption Date (the "Redemption Price"). The redemption date will be April 9, 2025 (the "Redemption Date"). On the Redemption Date, the Redemption Price will become due and payable on the Series H Preferred Shares and any dividends shall cease to accumu

    $PRIF
    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital Schedules Second Fiscal Quarter Earnings Release and Conference Call

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (the "Company" or "Prospect") today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended December 31, 2024 on Monday, February 10, 2025. The Company also expects to issue its earnings press release on Monday, February 10, 2025, after the close of the markets. The Company will host a conference call on Tuesday, February 11, 2025 at 9:00 a.m. Eastern Time. The conference call dial-in number will be 888-338-7333. A recording of the conference call will be available for approximately 30 days. To hear a replay, call 8

    $PSEC
    Finance: Consumer Services
    Finance
  • NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust Offering

    ATLANTA, Dec. 19, 2024 /PRNewswire/ -- NEWSTAR Exchange, a subsidiary of NEWSTAR, announced today that it has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte, North Carolina, and launched a new Delaware Statutory Trust offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031. www.newstar-am.com (PRNewsfoto/NewStar Asset Management)" alt="NEWSTAR | www.newstar-am.com (PRNewsfoto/NewStar Asset Management)"> The property was developed by NEWSTAR and features 44, 4-bedroom detached homes with

    $APLD
    $PSEC
    Finance: Consumer Services
    Finance
  • KBW Announces Index Rebalancing for Fourth-Quarter 2024

    NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY

    $AAT
    $AB
    $ABR
    $ACRE
    Real Estate Investment Trusts
    Real Estate
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  • National Property REIT Corp. Exits Arlington Park Investment with 2.4 Times Cash on Cash Return

    NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. ("NPRC") announced today it recently sold its Arlington Park ("Arlington") multifamily residential property in Marietta, Georgia, for $20.0 million, achieving a 2.4 times cash on cash return on the investment. Since inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties (representing 32,073 multifamily units), 12 self-storage properties, 8 student housing properties, 4 senor living residential properties, and 3 single tenant net lease facilities, totaling 36 million rentable square feet. "The successful sale of two Georgia properties earlier this mon

    $PSEC
    Finance: Consumer Services
    Finance
  • Priority Income Fund Announces Redemption of its 6.250% Series G Term Preferred Stock Due 2026

    NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund") announced today that it will redeem all outstanding shares of its 6.250% Series G Term Preferred Stock Due 2026 ((CUSIP: 74274W 814, NYSE:PRIF) (the "Series G Preferred Shares") at a price of $25 per Series G Preferred Share, plus accrued but unpaid dividends per Series G Preferred Share from September 30, 2024, to but excluding, the Redemption Date (the "Redemption Price"). The redemption date will be December 23, 2024 (the "Redemption Date"). On the Redemption Date, the Redemption Price will become due and payable on the Series G Preferred Shares and any dividends shall cease to

    $PRIF
    $PSEC
    Finance: Consumer Services
    Finance
  • National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return

    NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. ("NPRC") announced today it recently sold its Dylan at Grayson ("Dylan") multifamily residential property in Grayson, Georgia, for $56.7 million, achieving a 1.7 times cash on cash return on the investment acquired in December 2020. Since inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties (representing 32,073 multifamily units), 12 self-storage properties, 8 student housing properties, 4 senior living residential properties, and 3 single tenant net lease facilities, totaling 36 million rentable square feet. "The Dylan sale demonstrates the strong

    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital Schedules First Fiscal Quarter Earnings Release and Conference Call

    NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (the "Company" or "Prospect") today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended September 30, 2024 on Friday, November 8, 2024. The Company also expects to issue its earnings press release on Friday, November 8, 2024, before the opening of the markets. The Company will host a conference call on Friday, November 8, 2024 at 9:00 a.m. Eastern Time. The conference call dial-in number will be 888-338-7333. A recording of the conference call will be available for approximately 30 days. To hear a replay, call

    $PSEC
    Finance: Consumer Services
    Finance
  • Prospect Capital Corporation Upsizes Preferred Stock Offering to $2.25 Billion

    NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect", "our", or "we") announced today an upsize to Prospect's preferred stock offering (the "Preferred Stock" or the "Offering") with Preferred Capital Securities ("PCS"). The Offering has seen strong demand from the private wealth, institutional, and Registered Investment Advisor channels, with $1.8 billion in aggregate liquidation preference issuances since the initial closing in the quarter ending December 31, 2020. "Prospect's non-traded preferred stock offers investors recurring cash income with a stable stated value, ongoing liquidity, management alignment, leverage caps, and over $3.7 bill

    $PSEC
    Finance: Consumer Services
    Finance

Prospect Capital Corporation Large Ownership Changes

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