FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Prospect Capital Provides $200MM First-Lien Debt to Support H.I.G. Portfolio Company

March 22, 2013, 07:21 AM

Prospect Capital recently 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 (H.I.G.).

The H.I.G. portfolio company is a leading provider of third-party logistics (3PL) services. The $200 million financing provided by Prospect marks the third consecutive time in the last two years that Prospect has supported H.I.G.'s efforts, positioning the company for continued growth and long-term success.

"Prospect is a constructive and reliable financing relationship," said Jeff Zanarini, a managing director of H.I.G. "Prospect provided a compelling alternative to the syndicated capital markets and allowed us to consummate an attractive refinancing on a highly expedited basis."

"Since investing in this logistics services company, Prospect has seen the company grow its leadership position as a provider of 3PL services to distribution center operators," said Jason Wilson, a managing director of Prospect Capital Management. "This transaction shows Prospect can lead significant-sized transactions for middle-market and larger companies, competing effectively with syndicated debt markets and providing more debt capital options for our private equity sponsor and other relationships."

Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.