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6 sie 2024 · Prospect Capital, a little-known New York firm that helped pioneer the private credit boom, has come up with an unusual technique to keep dividends flowing out of an $8 billion fund it runs....
Prospect Floating Rate and Alternative Income Fund. Non-traded BDC that primarily invests in senior and secured loans to middle-market companies. A leading alternative investment manager, offering investment solutions across credit, private equity, and real estate.
3 paź 2024 · First BDC to acquire another BDC (Patriot Capital in December 2009). First BDC to complete at the market issuance programs for common stock (beginning March 2010) and listed senior unsecured...
Prospect Capital Corporation (NASDAQ: PSEC) announced that it has entered into a definitive agreement to acquire Patriot Capital Funding, Inc. (NASDAQ:...
2 gru 2009 · At the Merger, Prospect repaid the outstanding amount of the Patriot credit facility totaling $107.3 million through cash on hand and $60 million drawn on Prospect's previously undrawn credit facility.
26 sie 2020 · During the prior economic downturn from 2007 to 2010, Prospect benefited by “going on offense” with the first acquisition in the history of the BDC industry (Prospect’s acquisition of Patriot Capital Funding, Inc., or “Patriot”) at an approximately 50% discount to net asset value.
18 wrz 2024 · S&P Global Ratings revised its outlook on Prospect Capital Corp. to negative, citing concerns over mounting losses and non-accruing loans in its portfolio.
