Prospect Capital Corporation announced that Prospect has purchased $25 million of first lien senior secured floating rate notes issued to support the recapitalization of KM2 Solutions, LLC (“KM2”), led by affiliates of H.I.G. Capital, LLC (“H.I.G.”).

Headquartered in New York and founded in 2004, KM2 provides high quality, cost effective business process outsourcing services, including receivables management, sales and marketing, customer engagement, back office support, professional services, and technical services to customers primarily within the finance and healthcare end markets.

“We appreciate the creativity, reliability, and future add-on financing capability that Prospect provides through its flexible debt financing solutions,” said Todd Ofenloch, Managing Director of H.I.G. “This transaction constitutes our 30th financing with the Prospect team.”

“As a significant validation of KM2’s customer value proposition, one of our portfolio companies in the healthcare sector recently enlisted KM2’s services with positive results,” said Jason Wilson, Managing Director of Prospect Capital Management L.P. “We look forward to supporting KM2’s strong momentum and growth initiatives envisioned under H.I.G. and KM2 management leadership.”