Prospect Capital (PSEC) Files 3M Share Public Offering

Prospect Capital Corporation (NASDAQ: PSEC) today announced that it has commenced a public offering of 3 million shares of its common stock, par value $0.001 per share. Prospect also plans to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares of its common stock to cover over-allotments, if any.

Prospect expects to use the net proceeds from this offering to repay outstanding indebtedness, to fund investments in portfolio companies and for general corporate purposes. Citi, Wachovia Securities, Oppenheimer & Co. Inc., and RBC Capital Markets Corporation are the underwriters for the offering. Citi and Wachovia Securities are the joint bookrunning managers for the offering.

Prospect Capital Corporation is a private equity firm specializing in private mezzanine debt, senior secured debt, senior unsecured debt, publicly traded high-yield debt, bridge loans, private equity, and public equity, using both partnership and publicly traded closed-end structures.