Prospect Backs H.I.G. Portfolio Co

Prospect Capital Corporation has provided a $200 million first-lien senior secured credit facility to support the refinancing of a logistics services portfolio company controlled by H.I.G. Capital. The H.I.G. portfolio company is a provider of third-party logistics services.

Prospect Provides Debt for PTS Acquisition

Prospect Capital Corporation has provided $70 million of debt financing for the acquisition of Thomson Reuters Property Tax Services by Ryan. Ryan is a global tax services firm headquartered in Dallas, Texas.

Prospect Capital Backs Spartan Recap

Prospect Capital Corporation has provided a $30 million first-lien senior secured loan to support the recapitalization of Spartan Energy Services. Headquartered in Lafayette, Louisiana, Spartan is a provider of thru tubing and flow control services to oil and gas companies operating throughout the United States. The recapitalization was completed by Harren Equity Partners in partnership with Spartan’s management team and employees.

CI Capital Partners Acquires Material Handling Services

Prospect Capital Corporation has provided a $28 million senior secured loan to support the acquisition of Material Handling Services (TFS), by CI Capital Partners. Based in Holland, Ohio, TFS is a provider of brand-independent fleet management services to Fortune 1000 companies. PRESS RELEASE Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced today that Prospect has provided […]

Prospect Sells NRG Stake

Prospect Capital Corporation and other third-party shareholders have executed a stock purchase agreement to sell their ownership interests in NRG Manufacturing, a manufacturer of oilfield equipment. Prospect expects to collect approximately $100 million in cash in the March 2012 quarter related to the sale of NRG. Prospect expects to realize a 59% annualized internal rate […]

VanDeMark Chemical Secures Senior Debt

Prospect Capital Corporation has provided $31.1 million of senior secured debt to VanDeMark Chemical, a specialty chemical manufacturer located in Lockport, New York. VanDeMark is owned by an affiliate of Buckingham Capital Partners, a lower-middle-market private equity firm. PRESS RELEASE Prospect Capital Corporation PSEC -0.43% (“Prospect”) announced today that Prospect provided $31.1 million of senior […]

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