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News Breaks | | | | October 15, 2012 | | 07:04 EDT |  | PSEC | Prospect Capital originations exceeded $1.5B in CY12
Prospect Capital announced that Prospect has provided a $42M senior secured loan to support the acquisition of Gulf Coast Machine and Supply Co., or Gulfco, by Altus Capital Partners, a leading private investment firm. Located in Beaumont, Texas, Gulfco is a preferred provider of value-added forging solutions to energy and industrial end markets. Gulfco's specialized equipment and skilled professionals offer advanced ring rolling, open die forging, machining, heat treating, and testing for products formed into large format discs, shaped dies, seamless rolled rings, bushings, and blocks. The company's unique capabilities and track record providing forgings that meet customer design and delivery specifications have positioned Gulfco as a preferred supplier for blue-chip customers operating within highly demanding environments, including subsea production facilities, refineries, offshore oil and gas rigs, and mining. Prospect has closed more than $1.5B of originations to date in the current 2012 calendar year, including approximately $750M in the September 2012 quarter. Prospect's advanced investment pipeline aggregates more than $600 million of potential opportunities. | |
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News For PSEC From The Last 14 Days Check below for free stories on PSEC the last two weeks. |
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| May 14, 2013 | | 07:09 EDT | | PSEC | Prospect Capital provides $150M in financing to Artic Glacier
Prospect Capital announced that Prospect has provided a $150M senior secured term loan to support the recapitalization of Arctic Glacier. Controlled by H.I.G Capital, Arctic Glacier is the largest producer of packaged ice in Canada and the second largest producer of packaged ice in the United States, primarily under the brand name of Arctic Glacier Premium Ice. | | | May 13, 2013 | | 07:03 EDT | | PSEC | Prospect Capital announces three new investments aggregating $27.4M
 Subscribe for More Information | | | May 6, 2013 | | 16:52 EDT |  | PSEC | Prospect Capital reports Q3 net investment income 26c, consensus 31c
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