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Fair Value and Maturity of Debt Outstanding (Tables)
12 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The following table shows our outstanding debt as of June 30, 2023:
 Principal OutstandingUnamortized Discount & Debt Issuance CostsNet Carrying ValueFair ValueEffective Interest Rate
Revolving Credit Facility$1,014,703 $15,569 $1,014,703 (1)$1,014,703 (2)1M SOFR +2.05%(5)
2025 Notes156,168 1,577 154,591 154,107 (3)6.63 %(6)
Convertible Notes156,168 154,591 154,107 
6.375% 2024 Notes81,240 108 81,132 80,818 (3)6.57 %(6)
2026 Notes400,000 5,244 394,756 354,896 (3)3.98 %(6)
3.364% 2026 Notes300,000 4,730 295,270 252,282 (3)3.60 %(6)
3.437% 2028 Notes300,000 7,021 292,979 230,472 (3)3.64 %(6)
Public Notes1,081,240 1,064,137 918,468 
Prospect Capital InterNotes®358,105 6,688 351,417 313,538 (4)5.77 %(7)
Total$2,610,216 $2,584,848 $2,400,816 
(1)Net Carrying Value excludes deferred financing costs associated with the Revolving Credit Facility. See Note 2 for accounting policy details.
(2)The fair value of the Revolving Credit Facility is equal to its carrying value because the revolver is a floating rate facility that reprices to a market rate frequently. The fair value is categorized as Level 2 under ASC 820.
(3)We use available market quotes to estimate the fair value of the Convertible Notes and Public Notes. The fair value of these debt obligations are categorized as Level 1 under ASC 820.
(4)The fair value of Prospect Capital InterNotes® is estimated by discounting remaining payments using current Treasury rates plus spread based on observable market inputs. The fair value of these debt obligations are categorized as Level 2 under ASC 820.
(5)Represents the rate on drawn down and outstanding balances. Deferred debt issuance costs are amortized on a straight-line method over the stated life of the obligation.
(6)The effective interest rate is equal to the effect of the stated interest, the accretion of original issue discount and amortization of debt issuance costs.
(7)For the Prospect Capital InterNotes®, the rate presented is the weighted average effective interest rate. Interest expense and deferred debt issuance costs, which are amortized on a straight-line method over the stated life of the obligation which approximates level yield, are weighted against the average year-to-date principal balance.
The following table shows our outstanding debt as of June 30, 2022:
 Principal OutstandingUnamortized Discount & Debt Issuance CostsNet Carrying ValueFair ValueEffective Interest Rate
Revolving Credit Facility$839,464 $10,801 $839,464 (1)$839,464 (2)1ML +2.05 %(5)
2022 Notes60,501 18 60,483 60,753 (3)5.63 %(6)
2025 Notes156,168 2,459 153,709 158,094 (3)6.63 %(6)
Convertible Notes216,669 214,192 218,847 
2023 Notes284,219 600 283,619 286,101 (3)6.07 %(6)
6.375%2024 Notes81,240 299 80,941 82,084 (3)6.57 %(6)
2026 Notes400,000 7,134 392,866 355,316 (3)3.98 %(6)
3.364% 2026 Notes300,000 6,026 293,974 254,931 (3)3.60 %(6)
3.437% 2028 Notes300,000 8,222 291,778 229,866 (3)3.64 %(6)
Public Notes1,365,459 1,343,178 1,208,298 
Prospect Capital InterNotes®
347,564 7,122 340,442 285,822 (4)5.71 %(7)
Total$2,769,156 $2,737,276 $2,552,431 

(1)Net Carrying Value excludes deferred financing costs associated with the Revolving Credit Facility. See Note 2 for accounting policy details.
(2)The fair value of the Revolving Credit Facility is equal to its carrying value because the revolver is a floating rate facility that reprices to a market rate frequently. The fair value is categorized as Level 2 under ASC 820.
(3)We use available market quotes to estimate the fair value of the Convertible Notes and Public Notes. The fair value of these debt obligations are categorized as Level 1 under ASC 820.
(4)The fair value of Prospect Capital InterNotes® is estimated by discounting remaining payments using current Treasury rates plus spread based on observable market inputs. The fair value of these debt obligations are categorized as Level 2 under ASC 820.
(5)Represents the rate on drawn down and outstanding balances. Deferred debt issuance costs are amortized on a straight-line method over the stated life of the obligation.
(6)The effective interest rate is equal to the effect of the stated interest, the accretion of original issue discount and amortization of debt issuance costs.
(7)For the Prospect Capital InterNotes®, the rate presented is the weighted average effective interest rate. Interest expense and deferred debt issuance costs, which are amortized on a straight-line method over the stated life of the obligation which approximates level yield, are weighted against the average year-to-date principal balance.
Schedule of Maturities of Long-Term Debt
The following table shows the contractual maturities by fiscal year of our Revolving Credit Facility, Convertible Notes, Public Notes and Prospect Capital InterNotes® as of June 30, 2023:
Payments Due by Fiscal Year ending June 30,
Total20242025202620272028After 5 Years
Revolving Credit Facility$1,014,703 $— $— $— $— $1,014,703 $— 
Convertible Notes156,168 — 156,168 — — — — 
Public Notes1,081,240 81,240 — 400,000 300,000 — 300,000 
Prospect Capital InterNotes®358,105 662 1,499 38,922 74,496 15,470 227,056 
Total Contractual Obligations$2,610,216 $81,902 $157,667 $438,922 $374,496 $1,030,173 $527,056