On October 1, 2018, we issued $100,000 aggregate principal amount of unsecured notes that mature on January 15, 2024 (the “6.375% 2024 Notes”). The 6.375% 2024 Notes bear interest at a rate of 6.375% per year, payable semi-annually on January 15 and July 15 of each year, beginning January 15, 2019. Total proceeds from the issuance of the 6.375% 2024 Notes, net of underwriting discounts and offering costs, were $98,985.

As of June 30, 2023, the outstanding aggregate principal amount of the 6.375% 2024 Notes was $81,240. On January 16, 2024, we repaid the remaining outstanding principal amount of $81,240 of the 6.375% 2024 Notes, plus interest, at maturity.

On January 22, 2021, we issued $325,000 aggregate principal amount of unsecured notes that mature on January 22, 2026 (the “Original 2026 Notes”). The Original 2026 Notes bore interest at a rate of 3.706% per year, payable semi-annually on July 22, and January 22 of each year, beginning on July 22, 2021. Total proceeds from the issuance of the 2026 Notes, net of underwriting discounts and offering costs, were $317,720. On February 19, 2021, we issued an additional $75,000 aggregate principal amount of unsecured notes that mature on January 22, 2026 (the “Additional 2026 Notes”, and together with the Original 2026 Notes, the “2026 Notes”). The Additional 2026 Notes were a further issuance of, and are fully fungible and rank equally in right of payment with, the Original 2026 Notes and bore interest at a rate of 3.706% per year, payable semi-annually on July 22 and January 22 of each year, beginning July 22, 2021. Total proceeds from the issuance of the Additional 2026 Notes, net of underwriting discounts and offering costs, were $74,061.

As of June 30, 2024, the outstanding aggregate principal amount of the 2026 Notes was $400,000. During the year ended June 30, 2025, we repurchased $57,053 aggregate principal amount of the 2026 Notes at a weighted average price of 97.44%, including commissions, plus accrued and unpaid interest. As a result, we recognized a net realized gain of $1,264 from the extinguishment of debt in the amount of the difference between the reacquisition price and the net carrying amount of the repurchased 2026 Notes.

During the year ended June 30, 2025, we commenced a tender offer to purchase for cash any and all of the aggregate principal amount of our outstanding 2026 Notes at a purchase price of 99.00%, plus accrued and unpaid interest. As a result, $135,731 aggregate principal amount of the 2026 Notes were validly tendered and accepted, and we recognized a net realized gain of $874 from the extinguishment of debt in the amount of the difference between the reacquisition price and the net carrying amount of the tendered 2026 Notes.

On June 18, 2025, we redeemed the remaining outstanding principal amount of $207,216 of the 2026 Notes, at a price of 100.00%, plus accrued and unpaid interest. The transaction resulted in our recognizing a loss of $998 during the year ended June 30, 2025. Following the redemption, none of the 2026 Notes remained outstanding.

On May 27, 2021, we issued $300,000 aggregate principal amount of unsecured notes that mature on November 15, 2026 (the “3.364% 2026 Notes”). The 3.364% 2026 Notes bear interest at a rate of 3.364% per year, payable semi-annually on November 15, and May 15 of each year, beginning on November 15, 2021. Total proceeds from the issuance of the 3.364% 2026 Notes, net of underwriting discounts and offering costs, were $293,283.

During the year ended June 30, 2026, we repurchased $35,514 aggregate principal amount of the 3.364% 2026 Notes at a weighted average price of 96.91%, including commissions, plus accrued and unpaid interest. As a result, we recognized a net realized gain of $1,011 from the extinguishment of debt in the amount of the difference between the reacquisition price and the net carrying amount of the repurchased 3.364% 2026 Notes.

On September 30, 2021, we issued $300,000 aggregate principal amount of unsecured notes that mature on October 15, 2028 (the “3.437% 2028 Notes”). The 3.437% 2028 Notes bear interest at a rate of 3.437% per year, payable semi-annually on April 15 and October 15 of each year, beginning on April 15, 2022. Total proceeds from the issuance of the 3.437% 2028 Notes, net of underwriting discounts and offering costs, were $291,798.

During the year ended June 30, 2026, we repurchased $45,251 aggregate principal amount of the 3.437% 2028 Notes at a weighted average price of 91.66%, including commissions, plus accrued and unpaid interest. As a result, we recognized a net realized gain of $3,526 from the extinguishment of debt in the amount of the difference between the reacquisition price and the net carrying amount of the repurchased 3.437% 2028 Notes.

On October 30, 2025, we issued approximately $167,637 in aggregate principal amount of 5.50% Series A Notes due 2030 (the “5.50% 2030 Notes”) pursuant to a deed of trust, dated as of October 28, 2025, between the Company and Mishmeret Trust Company Ltd., as trustee (the “Deed of Trust”). The 5.50% 2030 Notes offering in Israel closed on October 30, 2025 and the 5.50% 2030 Notes are listed and commenced trading on the Tel Aviv Stock Exchange Ltd. (the “TASE”) on November 2, 2025. The 5.50% 2030 Notes are denominated in Israeli Shekels. After the deduction of offering discounts, fees and other offering expenses, we received net proceeds of approximately $159,531, which we used for the refinancing of existing indebtedness including, but not limited to, the repayment of borrowings under the Revolving Credit Facility.

The 5.50% 2030 Notes mature on December 31, 2030 and bear interest at a rate of 5.50% per annum payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing on March 31, 2026.

After 60 days from the date on which the 5.50% 2030 Notes were listed for trading on the TASE, we may redeem the 5.50% 2030 Notes, at our option, in whole or in part, at any time or from time to time, at a redemption price equal to the greater of (i) par plus accrued and unpaid interest on the 5.50% 2030 Notes, if any, to, but excluding, the date of redemption, (ii) the average closing price of the 5.50% 2030 Notes over the 30 trading days preceding our Board of Directors’ resolution approving the redemption and (iii) the discounted value of the remaining payments under the 5.50% 2030 Notes, as set forth in the Deed of Trust.

The Deed of Trust contains other terms and conditions, including, without limitation, affirmative and negative covenants, such as minimum total equity (common equity plus preferred equity), a maximum ratio of net debt to total assets, a minimum ratio of total equity (common equity plus preferred equity) to total assets, and a negative pledge. These and other covenants are subject to important limitations and exceptions that are described in the Deed of Trust. In addition, the Deed of Trust contains customary events of default, with customary cure and notice periods, for a notes offering in Israel. Based on our Consolidated Statement of Assets and Liabilities as of June 30, 2026, we are in compliance with the financial covenants of the Deed of Trust. In connection with the issuance of the 5.50% 2030 Notes, the Company entered into foreign exchange forward contracts in an aggregate notional amount equal to the expected interest and principal payments under the 5.50% 2030 Notes.

The 6.375% 2024 Notes, 2026 Notes, the 3.364% 2026 Notes, the 3.437% 2028 Notes, and the 5.50% 2030 Notes (collectively, the “Public Notes”) are direct unsecured obligations and rank equally with all of our unsecured indebtedness from time to time outstanding.

In connection with the issuance of the Public Notes we recorded a discount of $12,374 and debt issuance costs of $12,199, which are being amortized over the term of the notes. As of June 30, 2026 and June 30, 2025, $5,099 and $3,566 of the original issue discount and $5,448 and $2,990, respectively, of the debt issuance costs remain to be amortized and are included as a reduction within Public Notes on the Consolidated Statement of Assets and Liabilities.

In connection with the issuance of the 5.50% 2030 Notes, the Company entered into a series of forward currency contracts designated as hedging instruments under ASC 815. The Company uses derivative instruments in connection with its risk management activities to reduce exposure to foreign currency exchange rate risk arising from foreign-denominated interest payments and foreign-denominated principal on the 5.50% 2030 Notes. Derivative instruments are carried at fair value on the Consolidated Statements of Assets and Liabilities.

The following table provides the terms and the estimated fair values of the Company’s derivative instruments, which are presented as separate asset and liability values, if applicable, on a gross basis within the corresponding line items in the Consolidated Statements of Assets and Liabilities as of June 30, 2026:


Derivative Instruments	Notional Amount to be Purchased	Notional Amount to be Sold		Maturity Date Range	Gross Fair Value of Recognized Assets		Consolidated Statement of Assets and Liabilities Location	Gross Fair Value Amount of Recognized Liabilities		Consolidated Statement of Assets and Liabilities Location
Forward Contracts designated as cash flow hedging instruments	ILS 135,063	$	42,794	September 23, 2026 - December 23, 2030	$	3,672	Derivative Assets	$	—	Derivative Liabilities
Forward Contracts designated as fair value hedging instruments	ILS 545,710	$	178,523	December 23, 2023	$	15,228	Derivative Assets	$	—	Derivative Liabilities
					$	18,900		$	—

The following table summarizes the impact that changes in the fair values of derivatives designated as fair value hedges on earnings and reclassification of derivatives designated as cash flow hedges into earnings:


			Year Ended June 30,
Derivative Instruments	Consolidated Statement of Operations Location	Effect of Derivative Instruments		2026		2025		2024
Forward Contracts designated as cash flow hedging instruments	Interest Expense	Total gain (loss) reclassified from accumulated other comprehensive income (loss)		$	137	$	—	$	—
Forward Contracts designated as fair value hedging instruments (1)	Net change in unrealized gains (losses) from derivative instruments and foreign currency transactions	Gain (loss) recognized in Income		$	14,516	$	—	$	—

(1) As of June 30, 2026, the net carrying value of the 5.50% 2030 Notes designated as the hedged item in the fair value hedge of the principal was $174,784. Because the hedge is designated for foreign currency exchange risk, the related changes in the 5.50% 2030 Notes’ net carrying value arose from foreign currency remeasurement, with offsetting changes in the related forward contract recognized in Net change in unrealized gains (losses) from derivative instruments and foreign currency transactions.

During the year ended June 30, 2026, we reclassified net gains of $137 from accumulated other comprehensive income (loss) into earnings as a decrease to interest expense. As of June 30, 2026, the estimated amount of net gains recognized in accumulated other comprehensive income (loss) that are expected to be reclassified into earnings as a decrease to interest expense, net within the next 12 months is approximately $240.

The Company's foreign currency forward contracts are transacted with a single counterparty under an International Swaps and Derivatives Association ("ISDA") Master Agreement providing for netting upon default or early termination. The Company has elected not to offset assets and liabilities in the Consolidated Statements of Assets and Liabilities that may be received or paid as part of collateral arrangements. The following table presents the offsetting of the Company's derivative instruments as of June 30, 2026. The Company did not have derivative instruments as of June 30, 2025.


	Gross Amounts of Recognized Assets (Liabilities)		Gross Amounts Offset in the Consolidated Statement of Assets and Liabilities		Net Amounts Presented in the Consolidated Statement of Assets and Liabilities		Gross Amounts of Financial Instruments Not Offset in Consolidated Statements of Assets and Liabilities		Gross Amounts of Cash Collateral Received (Pledged) from Counterparty Not Offset in Consolidated Statements of Assets and Liabilities		Net Amount
Derivative assets:
Foreign currency forward contracts	$	18,900	$	—	$	18,900	$	—	$	—	$	18,900
Total derivative assets	$	18,900	$	—	$	18,900	$	—	$	—	$	18,900

Derivative liabilities:
Foreign currency forward contracts	$	—	$	—	$	—	$	—	$	—	$	—
Total derivative liabilities	$	—	$	—	$	—	$	—	$	—	$	—

The Company is required to post collateral if the Company is in a net liability position with its counterparty in excess of $250. As of June 30, 2026, the Company posted collateral of $0, which is included in restricted cash, within cash and cash equivalents

On February 13, 2020, we entered into a selling agent agreement with InspereX LLC (formerly known as “Incapital LLC”) (as amended, the “Selling Agent Agreement”), authorizing the issuance and sale from time to time of up to $1,000,000 of Prospect Capital InterNotes® (collectively with previously authorized selling agent agreements, the “InterNotes® Offerings”). On February 6, 2026, our Board of Directors reauthorized $1,000,000 of Prospect Capital InterNotes® for sale under the Selling Agent Agreement. Additional agents may be appointed by us from time to time in connection with the InterNotes® Offering and become parties to the Selling Agent Agreement. Certain notes issued through the InterNotes® Offerings have been repaid and we have, from time to time, repurchased or redeemed such other notes and, therefore, as of June 30, 2026 and June 30, 2025, $614,879 and $647,232 aggregate principal amount of Prospect Capital InterNotes® were outstanding.

These notes are direct unsecured obligations and rank equally with all of our unsecured indebtedness from time to time outstanding. These notes bear interest at fixed interest rates and offer a variety of maturities no less than twelve months from the original date of issuance.

During the year ended June 30, 2026, we issued $29,799 aggregate principal amount of Prospect Capital InterNotes® for net proceeds of $29,392. These notes were issued with stated interest rates ranging from 6.25% to 8.00% with a weighted average interest rate of 6.85%. These notes will mature between July 15, 2028 and June 15, 2033. The following table summarizes the Prospect Capital InterNotes® issued during the year ended June 30, 2026:


Tenor at Origination (in years)	Principal Amount		Interest Rate Range	Weighted Average Interest Rate	Maturity Date Range
3	$	20,095	6.25% – 7.50%	6.68%	July 15, 2028 – July 15, 2029
5	3,151		6.50% – 7.75%	7.02%	July 15, 2030 – June 15, 2031

7	6,553		6.75% – 8.00%	7.28%	July 15, 2032 – June 15, 2033


	$	29,799

During the year ended June 30, 2025, we issued $151,592 aggregate principal amount of our Prospect Capital InterNotes® for net proceeds of $149,431. These notes were issued with stated interest rates ranging from 6.50% to 8.00% with a weighted average interest rate of 7.15%. These notes will mature between July 15, 2027 and December 15, 2034.


Tenor at Origination (in years)	Principal Amount		Interest Rate	Weighted Average Interest Rate	Maturity Date Range
3	$	60,429	6.50% - 7.50%	6.96%	July 15, 2027 – July 15, 2028
5	48,993		6.75% - 7.75%	7.18%	July 15, 2029 – July 15, 2030

7	718		8.00% - 8.00%	8.00%	May 15, 2032 – July 15, 2032
10	41,452		7.00% - 7.75%	7.39%	July 15, 2034 – December 15, 2034

	$	151,592

During the year ended June 30, 2026, we repaid $11,025 aggregate principal amount of Prospect Capital InterNotes® at par in accordance with the Survivor’s Option of the InterNotes®. During the year ended June 30, 2026, we also redeemed $20,658 aggregate principal amount of Prospect Capital InterNotes® at par with a weighted average interest rate of 6.41%. As a result of these transactions, we recorded a loss in the amount of the unamortized debt issuance costs. The net loss on the extinguishment of Prospect Capital InterNotes® in the year ended June 30, 2026 was $319.


Tenor at Origination (in years)	Principal Amount		Interest Rate Range	Weighted Average Interest Rate	Maturity Date Range
3	$	121,738	6.00% – 7.50%	6.81%	January 15, 2027 – July 15, 2029
5	165,432		2.25% – 7.75%	5.70%	July 15, 2026 – June 15, 2031
6	18,232		3.00% – 6.25%	3.56%	June 15, 2027 – November 15, 2029
7	41,353		2.75% – 8.00%	4.65%	January 15, 2028 – June 15, 2033
8	3,090		3.40% – 3.50%	3.45%	June 15, 2029 – July 15, 2029
10	160,770		3.15% – 8.00%	5.89%	August 15, 2029 – December 15, 2034
12	12,101		3.70% – 4.00%	3.94%	June 15, 2033 – July 15, 2033
15	12,340		3.50% – 4.50%	3.84%	July 15, 2036 – February 15, 2037
18	2,839		4.50% – 5.50%	4.82%	January 15, 2031 – April 15, 2031
20	3,864		5.75% – 7.50%	6.23%	November 15, 2032 – November 15, 2043
25	7,168		6.25% – 6.50%	6.37%	November 15, 2038 – May 15, 2039
30	65,952		4.00% – 6.63%	5.42%	November 15, 2042 – March 15, 2052
Principal Outstanding	$	614,879

Unamortized Debt Issuance	(7,399)
Carrying Amount	$	607,480

During the year ended June 30, 2025, we repaid $6,889 aggregate principal amount of Prospect Capital InterNotes® at par in accordance with the Survivor’s Option, as defined in the InterNotes® Offering prospectus. As a result of these transactions, we recorded a loss in the amount of the unamortized debt issuance costs. The net loss on the extinguishment of Prospect Capital InterNotes® in the year ended June 30, 2025 was $168.


Tenor at Origination (in years)	Principal Amount		Interest Rate Range	Weighted Average Interest Rate	Maturity Date Range
3	$	123,367	5.00% - 7.50%	6.75%	October 15, 2025 – July 15, 2028
5	192,095		2.25% - 7.75%	5.26%	January 15, 2026 – July 15, 2030
6	18,312		3.00% - 6.25%	3.56%	June 15, 2027 – November 15, 2029
7	35,069		2.75% - 8.00%	4.14%	January 15, 2028 – July 15, 2032
8	3,190		3.40% - 3.50%	3.45%	June 15, 2029 – July 15, 2029
10	163,288		3.15% - 8.00%	5.86%	August 15, 2029 – December 15, 2034
12	13,404		3.70% - 4.00%	3.95%	June 15, 2033 – July 15, 2033
15	13,631		3.50% - 4.50%	3.84%	July 15, 2036 – February 15, 2037
18	2,949		4.50% - 5.50%	4.82%	January 15, 2031 – April 15, 2031
20	3,864		5.75% - 7.50%	6.23%	November 15, 2032 – November 15, 2043
25	7,287		6.25% - 6.50%	6.37%	November 15, 2038 – May 15, 2039
30	70,776		4.00% - 6.63%	5.38%	November 15, 2042 – March 15, 2052
Principal Outstanding	$	647,232

Unamortized debt issuance	(8,687)
Carrying Amount	$	638,545

During the years ended June 30, 2026, 2025, and 2024, we recorded $37,562, $35,386, and $19,075, respectively, of interest costs and amortization of financing costs on the Prospect Capital InterNotes® as interest expense.