Prospect Capital Corp

Prospect Capital Corp is a New York-based company.

Key facts

Stock SymbolPSEC

Covenant analysis

CovenantTermvs marketSource
Minimum Price Restriction · Sale RestrictionShares may not be sold at a price lower than the minimum price authorized by the Board or a duly authorized committee thereofsource ↗
Aggregate Offering Cap · Issuance LimitAggregate offering price or number of Shares sold pursuant to this Agreement, the Barclays Agreement and the RBC Agreement shall not exceed 50,000,000 sharessource ↗
Single Agent Per Day Restriction · Sale RestrictionOnly one of Agent, Barclays or RBC may sell shares on any single given daysource ↗
Aggregate Offering Cap · Issuance LimitThe aggregate number of Shares that may be sold collectively pursuant to this Agreement, the Barclays Agreement and the KeyBanc Agreement shall not exceed 50,000,000source ↗
Agent Compensation Cap · Fee RestrictionUp to 2% of the gross sales price of the Shares for amounts of Shares sold pursuant to this Agreementsource ↗
Single Agent Per Day Restriction · Sale RestrictionAny offer to sell, solicitation of an offer to buy, or sales of Common Stock pursuant to this Agreement shall only be effected by or through only one of Agent, Barclays or KeyBanc on any single given daysource ↗
Material Non-Public Information Blackout · Trading RestrictionNo sales shall take place during any period in which the Company is in possession of material non-public informationsource ↗
Agent Counsel Fee Cap · Expense LimitationReasonable fees and expenses of counsel shall not exceed $50,000 for initial preparation and $15,000 on a quarterly basis thereaftersource ↗
Regulated Investment Company Maintenance · Compliance CovenantCompany will use its best efforts to maintain its qualification as a regulated investment company under Subchapter M of the Codesource ↗
No Price Stabilization or Manipulation · Compliance CovenantCompany will not take any action designed to or that might cause stabilization or manipulation of the price of any securitysource ↗
Material Non-Public Information Blackout · Trading RestrictionNo sales shall take place during any period in which the Company is in possession of material non-public informationsource ↗
Agent Compensation Cap · Fee RestrictionCompensation payable to Agent shall be equal to up to 2% of the gross sales price of the Sharessource ↗
Agent Counsel Fees Cap · Expense RestrictionReasonable fees and expenses of counsel shall not exceed $50,000 for initial preparation and $15,000 per quarter thereaftersource ↗
Exclusivity - No Other ATM Agreements · ExclusivityDuring the term of the Agreement, the Company will not enter into another At the Market Offering program with any other party other than Agent, Barclays, and RBCsource ↗
BDC and Regulated Investment Company Qualification · Operational CovenantCompany will use its best efforts to maintain its qualification as a regulated investment company under Subchapter M of the Codesource ↗