Prospect Capital Corporation
10/17/2024 | Press release | Distributed by Public on 10/17/2024 14:05
Material Agreement Form 8 K
Item 1.01. Entry into a Material Definitive Agreement.
On October 17, 2024, Prospect Capital Corporation (the "Company") entered into an amendment (the "Amendment") to the Amended and Restated Dealer Manager Agreement, dated as of February 25, 2021, by and between the Company and Preferred Capital Securities, LLC (the "Dealer Manager" and, together with the Company, the "Parties") (the "Dealer Manager Agreement"), pursuant to which the Dealer Manager agreed to serve as the Company's agent, principal distributor and exclusive dealer manager for the Company's offering of up to 90,000,000 shares, par value $0.001 per share, of preferred stock, with a $2,250,000,000 aggregate liquidation preference (the "Preferred Stock"). Pursuant to the terms of the Dealer Manager Agreement, as amended by the Amendment, the size of the offering was increased from $2,000,000,000 in aggregate liquidation preference of Preferred Stock to $2,250,000,000 in aggregate liquidation preference of Preferred Stock.
The foregoing description of the Amendment is only a summary and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference.