Prospect Capital Corporation announced the pricing of $325 million in aggregate principal amount of 3.706% notes due 2026 (the 'Notes'). The Notes will mature on January 22, 2026 and may be redeemed in whole or in part at any time or from time to time at company's option at par plus a “make-whole” premium, if applicable. The Notes will bear interest at a rate of 3.706% per year payable semi-annually in arrears on January 22 and July 22 of each year, commencing on July 22, 2021. The Notes will be general senior unsecured obligations of Prospect, will rank equally in right of payment with Prospect's existing and future senior unsecured debt, and will rank senior in right of payment to any potential subordinated debt, should any be issued in the future. Prospect expects to use the net proceeds of this offering primarily for the refinancing of existing indebtedness, including but not limited to, redemption of its 6.25% Notes due 2024 and repayment of borrowings under its revolving credit facility. Prospect intends to use the remainder of the net proceeds from this offering, if any, to maintain balance sheet liquidity, including to make investments in high quality short-term debt instruments, and thereafter to make long-term investments in accordance with its investment objective.