NEW YORK, NY--(Marketwire - December 28, 2010) - Prospect Capital Corporation (
Jordan is the second largest provider of home healthcare services to both Medicare and Medicaid eligible patients in Texas. Based in Mount Vernon, Jordan provides skilled nursing and personal care services to over 13,000 patients in 174 counties throughout Texas.
"We have closed numerous transactions with the Prospect team, and we value their flexibility and responsiveness," said David Perez, Managing Director of Palladium.
"Jordan is a leading provider of quality and ethical home healthcare services," said Richard Carratu, a Managing Director of Prospect Capital Management. "Jordan's management team has an impressive track record of operational and financial performance, and we are excited to support Palladium with this investment."
Separately, Prospect announced that it has made a senior secured debt investment of $18 million to support the acquisition by a top private equity firm of a leading market share transportation services company. Prospect acted as the facility agent and led a group of club lenders for this transaction.
Prospect has now closed seven new originations aggregating more than $135 million since September 30, 2010.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
We have elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). We are required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to us could have an adverse effect on us and our shareholders.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
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