Prospect Capital Corp Enters Material Definitive Agreement

TL;DR

Prospect Capital Corp just signed a big deal, filing an 8-K on 10/31/25 about a new financial obligation.

AI Summary

On October 28, 2025, Prospect Capital Corporation entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Maryland, filed an 8-K report on October 31, 2025, detailing this event. The filing also includes information on other events and financial statements.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Prospect Capital Corporation, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes for a company.

Key Players & Entities

• Prospect Capital Corporation (company) — Registrant
• October 31, 2025 (date) — Date of Report
• October 28, 2025 (date) — Date of Earliest Event Reported
• Maryland (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value PSEC NASDAQ Global Select Mar
• $167 million — on (the "Company") issued approximately $167 million in aggregate principal amount of 5.5% S
• $160 million — nses, are estimated to be approximately $160 million. The Company expects to use the net pro

Filing Documents

• psec-20251031.htm (8-K) — 34KB
• prospect-deedoftrustenglis.htm (EX-10.1) — 581KB
• 0001287032-25-000332.txt ( ) — 869KB
• psec-20251031.xsd (EX-101.SCH) — 3KB
• psec-20251031_def.xml (EX-101.DEF) — 16KB
• psec-20251031_lab.xml (EX-101.LAB) — 29KB
• psec-20251031_pre.xml (EX-101.PRE) — 17KB
• psec-20251031_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 30, 2025, in connection with the previously announced institutional notes offering, Prospect Capital Corporation (the "Company") issued approximately $167 million in aggregate principal amount of 5.5% Series A Notes due 2030 (the "Notes") under a deed of trust, dated as of October 28, 2025, between the Company and Mishmeret Trust Company Ltd., as trustee (the "Deed of Trust"). The Notes will mature on December 31, 2030 and will bear interest at a rate of 5.5% per annum payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing on March 31, 2026. The Notes will be general senior unsecured obligations of the Company, will rank equally in right of payment with the Company's existing and future senior unsecured debt, and will rank senior in right of payment to any potential subordinated debt, should any be issued in the future. After 60 days from the date on which the Notes are listed for trading on the Tel Aviv Stock Exchange Ltd. (the "TASE"), the Company may redeem the Notes, at its option, in whole or in part, at any time or from time to time, at a redemption price equal to the greater of (i) par plus accrued and unpaid interest on the Notes, if any, to, but excluding, the date of redemption, (ii) the average closing price of the Notes over the 30 trading days preceding the Company's board of directors' resolution approving the redemption and (iii) the discounted value of the remaining payments under the Notes, as set forth in the Deed of Trust. The Deed of Trust contains other terms and conditions, including, without limitation, affirmative and negative covenants, such as minimum total equity (common equity plus preferred equity), a maximum ratio of net debt to total assets, a minimum ratio of total equity (common equity plus preferred equity) to total assets, and a negative pledge. These and other covenants are subject to important limitations an

01. Other Events

Item 8.01. Other Events. In connection with the issuance of the Notes, the Company entered into foreign exchange forward contracts in an aggregate notional amount equal to the expected interest and principal payments under the Notes, thereby substantially mitigating foreign exchange risk associated with the Notes, which are denominated in Israeli shekel. 3 The Company's shares of common stock are expected to list and commence trading on the TASE on November 2, 2025 under the ticker symbol "PSEC".

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Deed of Trust, dated as of October 28, 2025, by and between Prospect Capital Corporation and Mishmeret Trust Company Ltd. 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. Prospect Capital Corporation By: /s/ M. Grier Eliasek Name: M. Grier Eliasek Title: Chief Operating Officer Date: October 31, 2025 5 Index to Exhibits Exhibit Number Description 10.1 Deed of Trust, dated as of October 28, 2025, by and between Prospect Capital Corporation and Mishmeret Trust Company Ltd. 6

View Full Filing

View this 8-K filing on SEC EDGAR