Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 10 E 40th St Fl 44 NEW YORK NY 10016-0301 |
Tel: | N/A |
Website: | https://www.prospectstreet.com |
IR: | See website |
Key People | ||
John F. Barry Chairman of the Board, Chief Executive Officer | M. Grier Eliasek President, Chief Operating Officer, Director | Kristin Lea Van Dask Chief Financial Officer, Chief Compliance Officer, Treasurer, Secretary |
Business Overview |
Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. It invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. It may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P. |
Financial Overview |
For the fiscal year ended 30 June 2024, Prospect Capital Corporation revenues increased 1% to $861.7M. Net income applicable to common stockholders totaled $147.4M vs. loss of $172.5M. Revenues reflect Non-control/Non-affiliate investment increase of 15% to $454.1M, Control investments (Net of foreign increase of 9% to $280.5M, Non-control/Non-affiliate investments increase from $3.8M to $8.9M. |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,155M as of Jun 30, 2024 |
Annual revenue (TTM): | $861.66M as of Jun 30, 2024 |
EBITDA (TTM): | $419.84M as of Jun 30, 2024 |
Net annual income (TTM): | $147.42M as of Jun 30, 2024 |
Free cash flow (TTM): | -$80.31M as of Jun 30, 2024 |
Net Debt Last Fiscal Year: | $2,348M as of Jun 30, 2024 |
Shares outstanding: | 432,925,834 as of Sep 18, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |