Prospect Capital provided a $30 million first-lien senior secured loan to support the recapitalization of Spartan Energy Services, 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.

Headquartered in Lafayette, LA, Spartan provides oil and gas services through its two subsidiaries, Spartan Thru Tubing Services and Spartan Flow Control Services.

"Prospect is pleased to provide the entire senior secured term loan in support of Spartan, a financially strong company that is well positioned to take advantage of the strong growth in developing shale plays across the United States," said David Belzer, a managing director of Prospect Capital Management.

Prospect has closed approximately $2.1 billion of originations to date in the current 2012 calendar year.