Prospect Capital Repays March 2025 Bond and Achieves Track Record of $4.7 Billion in Cumulative Principal Bond Repayments During More Than 20 Year History

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]