Prospect Capital closes large lending deal

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

Prospect Capital (NASDAQ:PSEC) provides a $210M first lien senior secured credit facility to support the recapitalization of a leading food services company in the H.I.G. portfolio. The deal marks the ninth time in the last two years Prospect has invested over $100M in a single transaction.

Separately, Prospect announces the sale of AMU Holdings and Airmall resulting in a gross 16.7% IRR and 1.61x cash-on-cash return.