Prospect Capital Corporation announced that Prospect has provided a $65 million first-lien floating-rate credit facility to support the recapitalization of Fleetwash, Inc. and affiliates ("Fleetwash") by DFW Capital Partners ("DFW Capital") and Fleetwash's senior management team.

Founded in 1972 and headquartered in Fairfield, New Jersey, Fleetwash is the leading national provider of mobile vehicle fleet and mobile facility cleaning services.

"This is our second transaction with Prospect, and we enjoyed working with the Prospect team on the Fleetwash opportunity," said Keith Pennell, Managing Partner at DFW Capital. "Prospect provided a responsive and thoughtful financing package well-tailored to the unique needs of the business, which was a valuable contribution to the success of this transaction."

"Fleetwash brings a long history of providing strong customer service and presents an attractive investment opportunity for DFW Capital and Prospect," said Seth Tutlis, a Vice President of Prospect Capital Management LLC. "We are delighted to support DFW Capital and the Fleetwash team, and we look forward to continuing to build the relationship."

Currently with over $7 billion of capital under management, Prospect closed approximately $3.3 billion of new originations during the year ended March 31, 2014.

Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. Prospect's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.