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 ...

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 ...

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 ...

Core Insights - Town & Country Living is launching a new line of pet accessories at the Global Pet Expo, expanding its pet brand with a focus on style, comfort, and convenience for pets and their owners [1][2] - The Pet Comfort Collection includes a variety of plush, easy-care pet beds designed to complement modern home décor, available in multiple sizes and luxurious fabrics [1][2] - The company aims to engage directly with pet-centric retailers and industry professionals to expand its market reach [2] Company Overview - Founded in 1954 and headquartered in New York City, Town & Country Living specializes in home textiles and pet accessories, supplying major retailers worldwide [3] - The company is recognized for delivering high-quality, stylish, and functional products that enhance everyday living [3] - Town & Country Living is a portfolio company of Prospect Capital Corporation, which has total assets of $7.2 billion as of December 31, 2024 [4]

Core Insights - Town & Country Living announces a collaboration with Draper James to create a home collection that embodies Southern charm, set to debut at the New York Home Textiles Market in March 2025 [1][2] Company Overview - Town & Country Living, founded in 1954 and headquartered in New York City, specializes in home textiles including table linens, kitchen textiles, rugs, window treatments, pillows, throws, bath products, and pet accessories [4] - Draper James, founded by Reese Witherspoon in May 2015, is an American lifestyle brand inspired by Southern roots, offering ready-to-wear, accessories, and home accents [6] Product Details - The new collection features items such as scalloped kitchen textiles, reversible quilted placements, floral-inspired area rugs, and lace-accented window treatments, designed to enhance home aesthetics [2][3] - An outdoor line will include decorative pillows and cushions, extending the brand's style to outdoor spaces [2] Market Strategy - The collaboration aims to attract a younger demographic and fill a market gap for Town & Country Living, ensuring a cohesive design language across home products [3] - The collection will be available nationwide in select retailers and online starting Fall 2025 [4] Financial Context - Town & Country Living is a portfolio company of Prospect Capital Corporation, which had total assets of $7.2 billion as of December 31, 2024 [5]

Company Overview - Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses [2] - The company's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments [2] - Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 and as a regulated investment company under the Internal Revenue Code of 1986 [2] Recent Developments - Prospect has posted an updated "Prospect Highlights" on its website, showcasing its multi-decade history, strong track record, and market-leading best practices [1]

OREM, Utah, March 10, 2025 (GLOBE NEWSWIRE) -- Mity Inc. announces that sales of its new Traversa chair serving the non-emergency medical transport ("NEMT") market have topped $1.6 million since introduction in early 2024.  Mity Inc. is a designer and manufacturer of commercial furniture selling into a variety of markets. Broda Seating is a division of Mity which designs and manufactures various types of wheelchairs (i.e., bariatric, pedal, positioning, and rehabilitation), hygiene chairs, and support acces ...