PROSPECT CAPITAL CORP current report, 06 November 2007

SEC Filing Summary: Prospect Capital Corp (8-K)

Business Context and Reporting Period

Company: Prospect Capital Corporation
Filing Date: November 06, 2007
Reporting Period: Current report for events occurring on November 06, 2007
Business Context: Prospect Capital Corporation is a business development company focused on making debt and equity investments in middle-market companies.

Key Financial Metrics

This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, or aggregate debt data. The only specific financial metric disclosed is a single investment transaction:

  • Investment Amount: $18 million
  • Investment Type: Second lien debt
  • Target Company: Shearer's

Material Changes

The filing reports a material event under Item 8.01 (Other Events) regarding the deployment of capital into a new credit facility. There is no comparative period data provided in this document to assess changes in overall financial performance versus prior periods.

Guidance, Outlook, and Risks

Management Commentary: The filing consists solely of the announcement of the investment in Shearer's. No forward-looking guidance, outlook, or specific risk factors related to this transaction are detailed within the text of the 8-K itself, other than the inherent risks of second lien debt investments.

Unusual Items: None reported beyond the standard investment activity.

Key Facts for Investor Verification

  • Verify the terms and interest rate of the $18 million second lien debt investment in Shearer's.
  • Confirm the impact of this investment on the company's total portfolio concentration and liquidity position.
  • Review the full text of the attached Press Release (Exhibit 99.1) for additional details on the Shearer's transaction not included in the 8-K summary.
  • Check subsequent filings for any updates on the performance or status of the Shearer's investment.