Business Context and Reporting Period
Company: Prospect Capital Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: April 15, 2015
Event Date: April 10, 2015
Context: The Company notified the trustee of its election to redeem a specific series of senior notes.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or general liquidity metrics. It specifically addresses the following debt instrument:
- Instrument: 6.95% Senior Notes due 2022
- Aggregate Principal Amount: $100,000,000
- Trustee: U.S. Bank National Association
Material Changes
The Company elected to redeem the entire $100,000,000 aggregate principal amount of the 6.95% Senior Notes due 2022. Following the completion of this transaction, none of these Notes will remain outstanding.
Outlook and Management Commentary
Redemption Timeline: The Company expects the redemption to be completed on May 15, 2015.
Notice: The Trustee has been instructed to provide notice of the redemption to holders in accordance with the indenture terms. This Form 8-K does not constitute the official notice of redemption.
Investor Verification Checklist
- Confirm the official notice of redemption received from the Trustee (U.S. Bank National Association).
- Verify the final redemption date of May 15, 2015.
- Review the indenture governing the Notes for specific redemption terms and any applicable premiums.
- Check subsequent filings for confirmation of the debt extinguishment and cash outflow impact.