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Prospect Capital presents portfolio update showing first-lien share rises to 71.5%

PUBT·11/09/2026 18:22:38
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Prospect Capital presents portfolio update showing first-lien share rises to 71.5%
  • Prospect Capital outlined a portfolio shift toward first-lien lending in an investor presentation, with exposure reaching 71.5% from 64.1% since June 2024.
  • Non-accrual loans stood at 0.2% of total assets; payment-in-kind interest income fell 53% for LTM September 2026 versus LTM September 2024.
  • Debt represented 26% of total capital, with $1.9 billion in undrawn revolver commitments and cash.
  • A $300 million, 8.95% five-year unsecured institutional bond offering in October 2026 supported funding.
  • The July 2026 Valley Electric exit generated $281 million in net proceeds, delivering a 20.5% realized gross IRR.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prospect Capital Corporation published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.