KBRA Assigns BBB Rating with a Negative Outlook on Prospect Capital Corporation’s Senior Unsecured Notes due 2024

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a BBB rating to Prospect Capital Corporation’s (PSEC) $100 million 6.375% senior unsecured notes maturing January 15, 2024 (“the Notes”). The Outlook is Negative. PSEC expects to use the proceeds to paydown a portion of its outstanding bank loans, repurchase existing unsecured notes and for near term investment opportunities. The Notes rank equally with existing and future senior unsecured notes issued by PSEC. Formed in 2004, P