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
Prospect Capital (NASDAQ: PSEC) has announced the complete and timely repayment of its convertible bond due March 2025. This milestone adds to the company's track record of responsible debt management, having repaid approximately $4.7 billion in principal bond obligations across 874 debt tranches throughout its 20-year history.
The repayments span diverse funding sources, including:
- Institutional non-convertible bonds
- Institutional convertible bonds
- Baby bonds
- Programmatic medium-term notes
According to President and COO Grier Eliasek, this achievement demonstrates the strength of their diversified and low leverage capital strategy, while maintaining strong relationships with credit providers and ensuring access to flexible, cost-effective funding sources.
Prospect Capital (NASDAQ: PSEC) ha annunciato il rimborso completo e puntuale del suo obbligazione convertibile in scadenza a marzo 2025. Questo traguardo si aggiunge al curriculum dell'azienda nella gestione responsabile del debito, avendo rimborsato circa 4,7 miliardi di dollari in obbligazioni principali attraverso 874 tranche di debito nel corso della sua storia ventennale.
I rimborsi provengono da diverse fonti di finanziamento, tra cui:
- Obbligazioni non convertibili istituzionali
- Obbligazioni convertibili istituzionali
- Baby bonds
- Note programmatiche a medio termine
Secondo il Presidente e COO Grier Eliasek, questo risultato dimostra la solidità della loro strategia di capitale diversificato e a bassa leva, mantenendo forti relazioni con i fornitori di credito e garantendo accesso a fonti di finanziamento flessibili e convenienti.
Prospect Capital (NASDAQ: PSEC) ha anunciado el reembolso completo y puntual de su bono convertible con vencimiento en marzo de 2025. Este hito se suma al historial de la empresa en la gestión responsable de la deuda, habiendo reembolsado aproximadamente $4.7 mil millones en obligaciones de bonos principales a través de 874 tramos de deuda a lo largo de sus 20 años de historia.
Los reembolsos provienen de diversas fuentes de financiamiento, incluyendo:
- Bonos no convertibles institucionales
- Bonos convertibles institucionales
- Baby bonds
- Notas programáticas a mediano plazo
Según el presidente y COO Grier Eliasek, este logro demuestra la fortaleza de su estrategia de capital diversificado y de bajo apalancamiento, mientras mantiene relaciones sólidas con los proveedores de crédito y asegura el acceso a fuentes de financiamiento flexibles y rentables.
프로스펙트 캐피탈 (NASDAQ: PSEC)은 2025년 3월 만기 예정인 전환사채의 완전하고 적시의 상환을 발표했습니다. 이 이정표는 약 47억 달러의 원금 채무를 874개 채무 트랜치에 걸쳐 상환한 회사의 책임 있는 채무 관리 실적에 추가됩니다.
상환은 다음과 같은 다양한 자금 출처에서 이루어졌습니다:
- 비전환 기관 채권
- 전환 기관 채권
- 베이비 본드
- 프로그램형 중기 노트
회장 겸 COO인 그리어 엘리아섹에 따르면, 이 성과는 다양한 저레버리지 자본 전략의 강점을 보여주며, 신용 제공자와의 강력한 관계를 유지하고 유연하고 비용 효율적인 자금 출처에 대한 접근을 보장합니다.
Prospect Capital (NASDAQ: PSEC) a annoncé le remboursement complet et ponctuel de son obligation convertible arrivant à échéance en mars 2025. Ce jalon s'ajoute au bilan de l'entreprise en matière de gestion responsable de la dette, ayant remboursé environ 4,7 milliards de dollars d'obligations principales à travers 874 tranches de dette au cours de ses 20 années d'histoire.
Les remboursements proviennent de diverses sources de financement, y compris:
- Obligations non convertibles institutionnelles
- Obligations convertibles institutionnelles
- Baby bonds
- Notes programmatiques à moyen terme
Selon le président et COO Grier Eliasek, cette réalisation démontre la force de leur stratégie de capital diversifiée et à faible levier, tout en maintenant de solides relations avec les fournisseurs de crédit et en garantissant l'accès à des sources de financement flexibles et rentables.
Prospect Capital (NASDAQ: PSEC) hat die vollständige und fristgerechte Rückzahlung seiner wandelbaren Anleihe, die im März 2025 fällig ist, bekannt gegeben. Dieser Meilenstein ergänzt die Erfolgsbilanz des Unternehmens im verantwortungsvollen Schuldenmanagement, da es etwa 4,7 Milliarden Dollar an Hauptanleihen über 874 Schulden-Tranchen in seiner 20-jährigen Geschichte zurückgezahlt hat.
Die Rückzahlungen stammen aus verschiedenen Finanzierungsquellen, darunter:
- Institutionelle nicht-wandelbare Anleihen
- Institutionelle wandelbare Anleihen
- Baby Bonds
- Programmatische mittelfristige Notes
Laut Präsident und COO Grier Eliasek zeigt dieser Erfolg die Stärke ihrer diversifizierten und niedrig verschuldeten Kapitalstrategie, während sie starke Beziehungen zu Kreditgebern pflegen und den Zugang zu flexiblen, kosteneffizienten Finanzierungsquellen sicherstellen.
- Full and timely repayment of March 2025 convertible bond
- Track record of $4.7 billion in cumulative bond repayments
- Successful repayment of 874 debt tranches demonstrating financial reliability
- Maintained low leverage balance sheet management
- Diverse funding sources indicating strong market access
- None.
NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced the full and timely repayment of our convertible bond due March 2025, marking another milestone in Prospect’s long-standing track record of responsible and low debt leverage balance sheet management.
With this latest repayment, Prospect has now over our more than 20-year history repaid approximately
“Our multi-decade track record of meeting obligations across a wide array of funding instruments, including in multiple capital markets that Prospect helped to pioneer in the industry, demonstrates the strength of our diversified and low leverage capital strategy,” said Grier Eliasek, President and Chief Operating Officer at Prospect. “We continue to prioritize building strong relationships with credit providers and institutional banks, delivering on our commitments, and maintaining access to a broad range of flexible, cost-effective funding sources.”
About Prospect Capital Corporation
Prospect is a business development company lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
For further information, contact:
Grier Eliasek, President and Chief Operating Officer
grier@prospectcap.com
Telephone (212) 448-0702
FAQ
How much has Prospect Capital (PSEC) repaid in total bond obligations over its history?
What types of bonds has PSEC repaid throughout its history?
When did Prospect Capital (PSEC) repay its convertible bond, and was it on time?
How many debt tranches has PSEC successfully repaid over its operating history?
