About Prospect Capital Corporation
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 betw Address: 10 East 40th Street, New York, NY, United States, 10016
Prospect Capital Corporation News and around…
Latest news about Prospect Capital Corporation (PSEC) common stock and company :
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NEW YORK, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today that Prospect’s preferred stock offerings (collectively, the "Preferred Stock") have exceeded $400 million in aggregate liquidation preference issuances since the initial closing in the quarter ending December 31, 2020. “Prospect’s preferred stock offers investors recurring cash income with a stable stated value, ongoing liquidity, management alignment, leverage ca
Higher total investment income and robust new originations aid Prospect Capital's (PSEC) fiscal Q1 results. This drives bullish investor sentiments as shares gain 6.9%.
Upgrades JP Morgan upgraded the previous rating for New Relic Inc (NYSE:NEWR) from Underweight to Overweight. For the ...
Prospect Capital (PSEC) delivered earnings and revenue surprises of 16.67% and 1.90%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2021. FINANCIAL RESULTS All amounts in $000’s except per share amounts (on weighted average basis for period numbers)Quarter EndedQuarter EndedQuarter EndedSeptember 30, 2021June 30, 2021September 30, 2020 Net Investment Income (“NII”)$81,369$73,229$57,545Basic NII per Common Share$0.21$0.19$0.15Interest
Companies Reporting Before The Bell • Privia Health Group (NASDAQ:PRVA) is projected to report quarterly loss at $0.11 ...
Prospect Capital (NASDAQ:PSEC) is set to give its latest quarterly earnings report on Monday, 2021-11-08. Here's what investors need to ...
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NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company”) 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, 2021 on Monday, November 8, 2021 before the open of the markets. The Company also expects to issue its earnings press release on Monday, November 8, 2021 before the open of the markets. The Company will host a conference call on Mo
Prospect Capital (PSEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors in Prospect Capital Corporation (PSEC) saw new options begin trading this week, for the May 2022 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 204 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
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NEW YORK, Oct. 18, 2021 (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 October 8, 2021 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on
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NEW YORK, Oct. 08, 2021 (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 October 15, 2021, or any other date and time to which the Company extends such Tender Offer (such date and time, as it may or may not be extended, the “Expiration Time”). The Tender Offer is made pursuan
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Prospect Capital Corporation announced today that Prospect’s preferred stock offerings have exceeded $350 million in aggregate liquidation preference issuances since the initial closing in the quarter ending December 31, 2020.
Investors in Prospect Capital Corporation (PSEC) saw new options begin trading this week, for the January 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 857 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb” (Fair) of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC). Both companies are known collectively as American Federated Insurance Companies and are domiciled in Flowood, MS.
Higher total investment income and decline in expenses, along with solid origination volumes, support Prospect Capital's (PSEC) fiscal Q4 results.
Prospect Capital (PSEC) delivered earnings and revenue surprises of -10.53% and -4.66%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Companies Reporting Before The Bell • 36KR Holdings (NASDAQ:KRKR) is likely to report earnings for its second ...
Prospect Capital (PSEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Prospect Capital Corporation (PSEC) is a NASDAQ Common Stock listed in Asset Management, Common Stock, Financial Services
