Prospect Capital Corporation
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- Prospect Capital Corporation (NASDAQ: PSEC), founded in 2004 and headquartered in New York, New York, operates as a leading publicly-traded business development company that provides private debt and private equity financing to U.S. middle-market companies across diverse industries including healthcare providers and services, consumer finance, commercial services and supplies, distributors, logistics, software, food, and multi-family real estate; it primarily originates first-lien and second-lien senior secured loans, often with equity-linked investments, to support refinancings, leveraged buyouts, acquisitions, recapitalizations, later-stage growth initiatives, capital expenditures, and other purposes such as bridge loans, cash flow term loans, and real estate financings, while also investing in subordinated debt tranches of collateralized loan obligations and marketplace lending transactions targeting companies with EBITDA between $5 million and $150 million. The company manages a diversified portfolio of over 400 investments with approximately $7.0 billion in assets, emphasizes yield-oriented strategies with a focus on senior secured lending representing 91% of fiscal year 2024 originations totaling $764 million across 38 new and existing portfolio companies, and maintains strong liquidity through $2.12 billion in credit facility commitments from 48 banks revolving until June 2028; it generates current income and long-term capital appreciation for shareholders via consistent monthly dividends since inception, supported by a conservative capitalization and an experienced team led by Chairman and CEO John F. Barry III. Recent developments include the completion of a $115 million all-cash acquisition of QC Holdings, Inc., a consumer credit provider, on June 30, 2025, which continues to operate from its Lenexa, Kansas headquarters as a portfolio company; the pricing of a $167 million 5.5% Series A Notes offering due December 31, 2030, in October 2025 to refinance existing indebtedness; an $18 million investment in The Ridge addiction treatment facility comprising a first lien senior secured term loan, revolving credit facility, and equity alongside Thesis Capital Partners; redemption of all outstanding 3.706% Notes due 2026 on June 18, 2025, and retirement of $156.2 million convertible bonds in March 2025 plus a tender offer for $135.7 million of additional 2026 Notes in April 2025; portfolio repositioning with first lien debt increasing to 71.1% as of September 2025; and continued emphasis on smaller middle-market loans to companies with less than $50 million EBITDA amid ongoing $350 million investment pipeline processing.
Lysander Funds Limited Announces Canso Credit Income Fund's Intention to Utilize Repurchase and Reverse Repurchase Transactions
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John Carswell Announces Holdings in Canso Credit Income Fund
Lysander Funds Limited Announces Disposition of Units of Canso Credit Income Fund
John Carswell Announces Holdings in Canso Credit Income Fund
Lysander Funds Limited Announces Disposition of Units of Canso Credit Income Fund
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