NEW YORK, Feb. 08, 2017 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced
today that Prospect recently purchased $136 million of first lien senior secured floating rate notes issued by Centerfield Media
Holding Company (“Centerfield”), a portfolio company of H.I.G. Growth Partners. Centerfield issued these notes to Prospect to
support the refinancing of existing debt and the acquisition of Qology Direct Holdings, Inc. (“Qology”) by Centerfield.
Centerfield is a digital media company that leverages its proprietary technology platform, Dugout, to optimize
the customer acquisition process by identifying high value and intent driven consumers at scale across a variety of digital media
platforms including search, display, social and others. Qology’s customer acquisition and conversion capabilities will enable
Centerfield to offer a fully integrated sales and marketing solution controlling the consumer experience from initial touch point
all the way through completed sale, delivering new customers at scale to some of the biggest brands worldwide.
“Prospect’s responsiveness and ability to provide the entire $136 million loan provided Centerfield with the
certainty of execution required to complete an attractive acquisition,” said Nik Shah, Managing Director of H.I.G. Growth
Partners.
“The combination of Centerfield and Qology creates a leading and vertically integrated provider of customer
acquisition and conversion services operating in the rapidly growing digital marketing sector,” said Jason Wilson, Managing
Director of Prospect Capital Management L.P. “This investment represents another example of Prospect’s ability to lead large
transactions and provide attractive financing options to private equity sponsors, business owners, and intermediaries.”
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com) is a business development company that focuses on lending to and
investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital
appreciation through debt and equity investments.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940
(“1940 Act”). Prospect is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable
NASDAQ, federal and state rules and regulations. Prospect has 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 Prospect could have an adverse
effect on Prospect and its 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 Prospect’s control, and that Prospect 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 any forward-looking statements. Such statements speak only as of
the time when made, and Prospect undertakes no obligation to update any such statement now or in the future.
For further information, contact: Grier Eliasek, President and Chief Operating Officer grier@prospectstreet.com Telephone (212) 448-0702