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 “ ...

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 ...

Group 1 - Prospect Capital Corporation is hosting a webinar titled "Medium Term Notes – Senior Position and Attractive Income" aimed at financial professionals, scheduled for April 14, 2025, at 1:00pm ET [1] - The webinar will cover topics such as senior unsecured bonds, medium term notes, and the benefits of programmatic bonds, including attractive cash income streams and a laddered approach to bond portfolio construction [1] - This event is part of an ongoing investor education series in collaboration with RIA Channel, which focuses on educational investment content for financial advisors [2] Group 2 - Prospect Capital Corporation operates as a business development company, focusing on lending to and investing in private businesses with the goal of generating current income and long-term capital appreciation [3] - The company has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986, which influences its operational framework and investment strategies [3]

For further information, contact: Grier Eliasek, President and Chief Operating Officer grier@prospectcap.com Telephone (212) 448-0702 Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Caution Concerning Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation ...

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 ...

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," sai ...

Core Viewpoint - Prospect Capital Corporation has had its investment grade issuer and long-term senior debt credit ratings reaffirmed at BBB(low) by Morningstar DBRS, with a revised trend of Stable [1]. Group 1: Company Performance and Financials - Prospect has a strong business profile, with over $21 billion invested across more than 400 investments and $4.7 billion in cumulative principal bond repayments [3]. - The company has diversified access to multiple capital markets, including a $2.1 billion credit facility with 48 institutional banks, and maintains a disciplined deal execution with a less than 1% book to look ratio from over 3,000 origination opportunities annually [3]. - Prospect's leverage is low at 0.40x debt to equity, with a majority of its loan book being senior secured loans and a low nonaccrual rate of 0.4% [4]. - The company reports a 13% unlevered investment level gross cash internal rate of return for exited investments as of the latest reporting period [4]. Group 2: Recognition and Workplace Environment - Prospect Capital was recognized as 'One of the Best Places to Work in the Private Capital Industry' by Mergers & Acquisitions, attributing this success to its world-class team [5]. Group 3: Company Structure and Objectives - Prospect Capital Corporation operates as a business development company, focusing on lending to and investing in private businesses, aiming to generate both current income and long-term capital appreciation through debt and equity investments [6].

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 Pros ...

Core Viewpoint - Prospect Capital Corporation has successfully repaid its convertible bond due March 2025, highlighting its commitment to responsible debt management and low leverage [1] Group 1: Debt Management and Repayment - With the latest repayment, Prospect has repaid approximately $4.7 billion in principal bond obligations over its 20-year history, covering 874 debt tranches from various funding sources [2] - The repaid obligations include institutional non-convertible bonds, institutional convertible bonds, baby bonds, and programmatic medium-term notes, reinforcing Prospect's reputation in capital markets [2] Group 2: Strategic Approach - The company emphasizes its multi-decade track record of fulfilling obligations across diverse funding instruments, showcasing the strength of its diversified and low leverage capital strategy [3] - Prospect prioritizes building strong relationships with credit providers and institutional banks, ensuring access to flexible and cost-effective funding sources [3] Group 3: Company Overview - Prospect Capital Corporation operates as a business development company, focusing on lending to and investing in private businesses, aiming for both current income and long-term capital appreciation [4] - The company has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986 [4]

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 indic ...