Prospect Capital Corporation announced today that it has provided a $75 million floating-rate senior-secured term loan to support the recapitalization of American Broadband Communications, LLC (ABB).

Based in Matthews,NC, ABB is a leading provider of voice, video, and high-speed internet services in rural markets in Alaska, the Southcentral United States, and the Midwestern United States.

"Prospect's agility and responsiveness, coupled with a thorough understanding of our company and industry, provided the certainty of execution that we needed in order to close this important recapitalization," said Jane Eudy, president and CEO of ABB.

"Prospect is pleased to have structured and closed this complex recapitalization of ABB, a well-managed wireline telecommunications provider with a strong competitive position in its markets," said Christopher Johnson, a managing director of Prospect Capital Management LLC.

Prospect has closed approximately $2.0 billion of originations to date in the 2013 calendar year. Prospect closed more than $3.0 billion of originations in the twelve months ended June 30, 2013.