NEW YORK, NY--(Marketwire - Jul 13, 2012) - Prospect Capital Corporation (
Based in Holland, Ohio, TFS is the largest provider of brand-independent fleet management services to Fortune 1000 companies. TFS provides a unique turnkey approach to MHE fleet management and procurement that allows customers to optimize their MHE fleet and achieve a lower cost of ownership.
"Prospect's breadth and responsiveness have supported our need for a single lender financing solution for TFS, and we look forward to future business with Prospect," said Timothy T. Hall, a Managing Director of CI Capital.
"Prospect is pleased to provide financing to support the growth and recapitalization of this industry-leading company," said David Moszer, a Managing Director of Prospect Capital Management.
Prospect has closed nearly $800 million of originations to date in the current 2012 calendar year. Prospect's advanced investment pipeline aggregates approximately $500 million of potential opportunities.
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.
ABOUT CI CAPITAL PARTNERS
CI Capital Partners LLC is a North American private investment firm focused on building and expanding leading middle market businesses. The firm targets industries that are ripe for consolidation and seeks to build businesses through organic growth and acquisitions. Since the firm's inception in 1993, CI Capital and its portfolio companies have made more than 100 acquisitions representing over $6 billion in enterprise value. CI Capital's existing portfolio consists of companies which collectively generate annual revenue of approximately $5 billion, EBITDA of approximately $400 million, and employment of approximately 15,000 people. To learn more about CI Capital Partners, please visit www.cicapllc.com.
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.