NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) currently maintains issuer and senior unsecured debt ratings of BBB+ with a stable outlook for Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect” or “the Company”). On April 5, 2017, PSEC announced a public offering of $225 million of 4.95% convertible senior unsecured notes due in 2022 (the “Notes”). The company aims to use the proceeds from the issuance to redeem portions of its 5.375% Notes due 2017 and its 5.75% Notes due 2018.
