Prospect Capital Corporation provided System One Holdings, LLC, a portfolio company of MidOcean Partners, with an incremental $11.8 million of first lien senior secured floating rate debt to support the acquisition of AECOM's quality programs business ("Quality Programs"). System One utilized a delayed draw term loan to which Prospect previously committed. Prospect now provides approximately $80 million of financing to System One as the sole term lender.

Headquartered in Pittsburgh, PA, System One is a top 35 staffing firm in the United States and is a leader in specialized workforce solutions. System One provides professional staffing and targeted services primarily to the energy, engineering, commercial, scientific, clinical, information technology, and legal sectors. System One has over 700 employees in 48 North American offices and averages approximately 5,000 revenue-producing consultants.

Quality Programs employs over 300 quality inspection personnel who provide destructive and nondestructive testing, quality assurance, and quality control primarily to nuclear, government, and petrochemical customers.

"In our November 2014 financing, we provided MidOcean with a delayed draw term loan available for performance-based shareholder distributions and accretive acquisitions," said Jason Wilson, a Managing Director of Prospect Capital Management L.P. "We are pleased to support MidOcean's decision to use our facility to continue to enhance System One's scale and scope through an acquisition that creates a highly competitive player in the nondestructive testing and quality services markets."

Prospect closed approximately $2.0 billion of new originations in the twelve months ended June 30, 2015.