Business News • MarketWire • Prospect Capital Provides $60 Million in Senior Debt for Recapitalization of Safe-Guard, Provides $12.5 Million in Senior Debt for Acquisition of Leading Bowhunting Equipment Company, and Provides Net $20 Million in Secured Debt for Existing Portfolio Company |
Prospect Capital Provides $60 Million in Senior Debt for Recapitalization of Safe-Guard, Provides $12.5 Million in Senior Debt for Acquisition of Leading Bowhunting Equipment Company, and Provides Net $20 Million in Secured Debt for Existing Portfolio Company |
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Prospect Capital Provides $60 Million in Senior Debt for Recapitalization of Safe-Guard, Provides $12.5 Million in Senior Debt for Acquisition of Leading Bowhunting Equipment Company, and Provides Net $20 Million in Secured Debt for Existing Portfolio Company
NEW YORK, NY--(Marketwire - March 21, 2011) - Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that Prospect has closed a $60 million first-lien senior secured credit facility for Safe-Guard Products International, LLC ("Safe-Guard"), the leading third-party administrator of ancillary finance and insurance ("F&I") products and services for new, used, and leased motor vehicles. Prospect's credit facility is being utilized to support company growth initiatives and a recapitalization of Safe-Guard, which is controlled by an affiliate of H.I.G. Capital, LLC ("H.I.G."), a leading global private investment firm with over $8.5 billion of capital under management.
View More : http://www.marketwire.com/mw/release.do?id=1414473&sourceType=3
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