Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

PSEC - Prospect Capital Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, May 10, 2019.

  1. Marvan

    Marvan Member

    Joined:
    Mar 16, 2019
    Messages:
    259
    Likes Received:
    23
    Prospect Capital Corporation is a business development company.

    It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.

    It also makes real estate investments particularly in multi-family residential real estate asset class.

    The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses.

    It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments.

    It also focuses on investing in small-sized and medium-sized private companies rather than large public companies.

    The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors.

    It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors.

    It prefers to invest in the United States and Canada.

    The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals.

    The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.
     
  2. Marvan

    Marvan Member

    Joined:
    Mar 16, 2019
    Messages:
    259
    Likes Received:
    23
    Prospect Capital Corp. (PSEC) on Wednesday reported fiscal third-quarter profit of $89.2 million.

    The New York-based company said it had profit of 24 cents per share. Earnings, adjusted for investment gains, were 21 cents per share.

    The business development company posted revenue of $171.1 million in the period.

    Prospect Capital shares have increased nearly 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.73, an increase of slightly more than 4% in the last 12 months.

    https://uk.finance.yahoo.com/news/prospect-capital-fiscal-3q-earnings-214145030.html
     
    #2 Marvan, May 10, 2019
    Last edited: May 11, 2019
  3. Marvan

    Marvan Member

    Joined:
    Mar 16, 2019
    Messages:
    259
    Likes Received:
    23
  4. Marvan

    Marvan Member

    Joined:
    Mar 16, 2019
    Messages:
    259
    Likes Received:
    23
  5. Marvan

    Marvan Member

    Joined:
    Mar 16, 2019
    Messages:
    259
    Likes Received:
    23
    Increased my position.
     
  6. Marvan

    Marvan Member

    Joined:
    Mar 16, 2019
    Messages:
    259
    Likes Received:
    23
    Prospect Capital Corporation Announces Launch of Cash Tender Offer For Any and All of its Outstanding 4.75% Senior Convertible Notes due 2020

    Company Release - 6/28/2019 5:33 PM ET

    NEW YORK, June 28, 2019 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding senior convertible notes listed below.

    The Tender Offer will expire at 12:00 midnight, New York City time, on July 27, 2019 (one minute after 11:59 p.m., New York City time, on July 26, 2019), or any other date and time to which the Company extends such Tender Offer (such date and time, as it may be extended, the “Expiration Date”).

    The Tender Offer is made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offer.


    http://www.prospectstreet.com/file/Index?KeyFile=398529151
     

Share This Page