NEW YORK, NY--(Marketwire - August 8, 2012) - Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect" or "Company") announced today that it intends to privately offer, subject to market and other conditions, $200 million in aggregate principal amount of senior unsecured convertible notes due 2018 (the "Notes"). In addition, the Company expects to grant the initial purchaser of the Notes an option to purchase up to an additional $30 million in aggregate principal amount of Notes. The Notes will be offered in a private placement only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").