Prospect provides $260M financing for buyout deal

|About: Prospect Capital Corpora... (PSEC)|By:, SA News Editor

The $260M of floating-rate, senior-secured financing will help fund the acquisition of Ash City Worldwide by Broder Bros.

"Prospect's (PSEC) ability to fully underwrite the entire $260M financing need on an expedited basis was critical to the success of the transaction," says an executive involved in the deal.