PSEC – A Prospect Capital Fund

Prospect Capital Closes Private Offering of $200 Million of 5.875% 6.1-Year Unsecured Convertible Senior Notes

December 21, 2012

NEW YORK, NY – (Marketwire) – 12/21/12 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect” or “Company”) announced today that it has
closed a private placement of 6.1-year unsecured 5.875% Senior
Convertible Notes Due 2019 (…