Prospect Capital Corporation announced that it has provided first-lien senior secured floating rate debt to support the continued growth of Tolt Solutions, Inc.

Based in Taylors, SC, Tolt is a leading retail-focused information technology services company, providing customized network architecture solutions, installation, deployment, maintenance, and customer support to retailers nationwide. Tolt provides a comprehensive service offering that streamlines a retailer's operations, enhances customer satisfaction, and increases store productivity, all of which translates into enhanced return on investment for clients. With 39 years of retail sector experience, Tolt is the largest independent North American service provider of point-of-sale, self-service, and wireless mobility solutions to the retail industry.

“We are pleased to have completed our second transaction with Prospect in just the past four months,” said Behdad Eghbali, a Partner at Clearlake Capital. "We selected Prospect based on the speed, constructive approach, and certainty of closing that we experienced working with Prospect in our previous financing."

“Tolt's high customer retention rate, robust new business pipeline, and complete business services platform to the retail sector positions Tolt as a leader in the industry,” said Jason Wilson, a Managing Director of Prospect Capital Management LLC. "This transaction is another example of the repeat relationships that Prospect develops with its private equity clients through responsive service and flexible capital structure solutions."

Prospect closed approximately $2.7 billion of new originations during calendar year 2013. Prospect has closed nearly $400 million of originations during the current March 2014 quarter, with further origination activity expected in the current quarter and the coming months.