Filed Pursuant to Rule 497(a)(1)
File No. 333-143819
Rule 482ad
Prospect Capital Corporation Prices Public Offering of Common Stock
NEW YORK, NY – (MARKET WIRE) – 4/22/09 – Prospect Capital Corporation (NASDAQ: PSEC,
“Prospect”) announced that it has priced its public
offering of 3.2 million shares of common stock at $7.75 per
share, raising $24.8 million in gross proceeds. Prospect has granted the
underwriters an option to purchase up to an additional 0.48 million shares to cover
over-allotments, if any. The offering is subject to customary closing conditions and is expected to
close on April 27, 2009.
Prospect expects to use the net proceeds of this offering to initially maintain balance sheet liquidity by
either repaying a portion of the amounts outstanding under its credit facility or making investments
in high quality short-term debt instruments, and thereafter to make
long-term investments in accordance with its investment objective. Fox-Pitt Kelton Cochran Caronia
Waller and SunTrust Robinson Humphrey are the joint bookrunning managers for the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor
will there be any sale of the shares referred to in this press release in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or jurisdiction. A registration statement
relating to these securities was filed and has been declared effective by the Securities and
Exchange Commission. A copy of the prospectus for the offering may be obtained from: Fox-Pitt
Kelton Cochran Caronia Waller, 420 Fifth Ave., 5th Floor, New York, NY 10018, Fax: (212) 849-0582,
Email: prospectus@fpk.com; and SunTrust Robinson Humphrey, 303 Peachtree St. NE, Atlanta, GA 30308,
Fax: (404) 926-5464, Email: prospectus@rhco.com.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com) is a closed-end investment company that lends
to and invests in private and microcap public businesses. Our investment objective is to generate
both current income and long-term capital appreciation through debt and equity investments.
We have elected to be treated as a business development company under the Investment Company Act of
1940 (“1940 Act”). We are required to comply with a series of regulatory requirements under the
1940 Act as well as applicable NASDAQ, federal and state rules and regulations. We have elected to
be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to
comply with any of the laws and regulations that apply to us could have an adverse effect on us and
our shareholders.
This press release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to
business development companies. Any such statements, other than statements of historical fact, are
highly likely to be affected by other unknowable future events and conditions, including elements
of the future that are or are not under our control, and that we may or may not have considered;
accordingly, such statements cannot be guarantees or assurances of any aspect of future
performance. Actual developments and results are highly likely to vary materially from these
estimates and projections of the future. Such statements speak only as of the time when made, and
we undertake no obligation to update any such statement now or in the future.
For additional information, contact:
Grier Eliasek, President and Chief Operating Officer
grier@prospectstreet.com
(212) 448-9577