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Prospect Capital Corporation Common Stock Offering – Corporate Law News

LAWFUEL.COM – May 26, 2009
Davis Polk & Wardwell advised Citigroup Global Markets Inc. and UBS Securities LLC as joint book-running managers in connection with an SEC-registered offering of 7,762,500 shares of common stock of Prospect Capital Corporation. Including the over-allotment option, the total proceeds of the offering were approximately $64 million. The common stock is listed on the NASDAQ Global Select Market under the symbol “PSEC.”

Prospect Capital Corporation is a New York-based financial services company that primarily lends to and invests in middle-market privately held companies.

The Davis Polk corporate team included partner Deanna L. Kirkpatrick and associates Jeffrey Pohlman, Arthur Einav, Y. Jung Choi and Shanelle Van Der Berg (not yet admitted). Partner Mary Conway and associate Catherine Paskoff Chang provided tax advice. Partner Danforth Townley provided investment management advice. Eric Ross was the legal assistant on the transaction

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