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 three months ended September 30, 2026, we repurchased $1,266 aggregate principal amount of the 3.364% 2026 Notes at a weighted average price of 99.24%, including commissions, plus accrued and unpaid interest. As a result, we recognized a net realized gain of $73 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 three months ended September 30, 2026, we repurchased $33,946 aggregate principal amount of the 3.437% 2028 Notes at a weighted average price of 93.92%, including commissions, plus accrued and unpaid interest. As a result, we recognized a net realized gain of $1,388 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 September 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.

During the three months ended September 30, 2026, we repurchased $9,922 aggregate principal amount of the 5.50% 2030 Notes at a weighted average price of 93.96%, plus accrued and unpaid interest. As a result, we recognized a net realized gain of $218 from the extinguishment of debt in the amount of the difference between the reacquisition price and the net carrying amount of the repurchased 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 $11,522 and debt issuance costs of $11,718, which are being amortized over the term of the notes. As of September 30, 2026 and June 30, 2026, $3,887 and $5,099 of the original issue discount and $4,781 and $5,448, 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.

During the three months ended September 30, 2026 and September 30, 2025, we recorded $6,916 and $5,784, respectively, of interest costs and amortization of financing costs on the Public Notes as interest expense.

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 September 30, 2026 $598,228 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 three months ended September 30, 2026, we issued $805 aggregate principal amount of Prospect Capital InterNotes® for net proceeds of $793. These notes were issued with stated interest rates ranging from 6.00% to 6.75% with a weighted average interest rate of 6.30%. These notes will mature between July 15, 2029 and August 15, 2033. The following table summarizes the Prospect Capital InterNotes® issued during the three months ended September 30, 2026:


Tenor at Origination (in years)	Principal Amount		Interest Rate Range	Weighted Average Interest Rate	Maturity Date Range
3	$	426	6.00% – 6.25%	6.05%	July 15, 2029 – September 15, 2029
5	121		6.25% – 6.50%	6.34%	July 15, 2031 – September 15, 2031
7	258		6.50% – 6.75%	6.69%	July 15, 2033 – August 15, 2033
	$	805

During the three months ended September 30, 2025, we issued $7,868 aggregate principal amount of our Prospect Capital InterNotes® for net proceeds of $7,752. These notes were issued with stated interest rates ranging from 6.25% to 8.00% with a weighted average interest rate of 7.42%. These notes will mature between July 15, 2028 and October 15, 2032. The following table summarizes the Prospect Capital InterNotes® issued during the three months ended September 30, 2025:


Tenor at Origination (in years)	Principal Amount		Interest Rate	Weighted Average Interest Rate		Maturity Date Range
3	$	4,213	6.25% - 7.50%	7.18%		July 15, 2028 – October 15, 2028
5	1,076		6.50% - 7.75%	7.61%		July 15, 2030 – October 15, 2030

7	2,579		6.75% - 8.00%	7.72	%	July 15, 2032 – October 15, 2032


	$	7,868

During the three months ended September 30, 2026, we repaid $2,174 aggregate principal amount of Prospect Capital InterNotes® at par in accordance with the Survivor’s Option of the InterNotes®. During the three months ended September 30, 2026, $15,282 aggregate principal amount of Prospect Capital InterNotes® with a weighted average interest rate of 2.42% matured and were repaid at par. 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 three months ended September 30, 2026 was $50.


Tenor at Origination (in years)	Principal Amount		Interest Rate Range	Weighted Average Interest Rate	Maturity Date Range
3	$	122,164	6.00% – 7.50%	6.81%	January 15, 2027 – September 15, 2029
5	150,214		2.25% – 7.75%	6.03%	October 15, 2026 – September 15, 2031
6	18,232		3.00% – 6.25%	3.56%	June 15, 2027 – November 15, 2029
7	41,454		2.75% – 8.00%	4.66%	January 15, 2028 – August 15, 2033
8	3,090		3.40% – 3.50%	3.45%	June 15, 2029 – July 15, 2029
10	160,358		3.15% – 8.00%	5.91%	August 15, 2029 – December 15, 2034
12	11,899		3.70% – 4.00%	3.94%	June 15, 2033 – July 15, 2033
15	11,845		3.50% – 4.50%	3.85%	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	65,101		4.00% – 6.63%	5.44%	November 15, 2042 – March 15, 2052
Principal Outstanding	$	598,228

Unamortized Debt Issuance	(6,965)
Carrying Amount	$	591,263

During the three months ended September 30, 2025, we repaid $3,264 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 three months ended September 30, 2025 was $77.


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 three months ended September 30, 2026 and 2025, we recorded $9,213 and $9,492, respectively, of interest costs and amortization of financing costs on the Prospect Capital InterNotes® as interest expense.