Prospect Capital provides $100M of senior secured debt to Broder Bros. Prospect Capital announced that Prospect has provided $100M of senior secured debt financing to support the recapitalization of Broder Bros. Additionally, Prospect has closed approximately $800M of new originations during the current March 2013 quarter, bringing trailing-twelve-month originations to nearly $3B.
News For PSEC From The Last 14 Days
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Prospect Capital files to sell $400M in convertible notes due 2020 Prospect intends to use the net proceeds from the sale of the Notes to paydown the outstanding balance on the credit facility, maintain balance sheet liquidity, including investments in high quality short-term debt instruments, and thereafter to make long-term investments in accordance with Prospect's investment objectives.