Prospect Capital Purchases $64.5 Million of First Lien Senior Secured Floating Rate Notes Issued by LeadingResponse

NEW YORK, May 10, 2017 -- Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect purchased $64.5 million of first lien senior secured floating rate notes issued by RME Group Holding Company (d/b/a LeadingResponse) (“LeadingResponse”) in conjunction with the acquisition by ICV Partners, a leading middle market private equity firm.

Founded in 1995, LeadingResponse offers technology-enabled, data-driven client acquisition services to professional services end markets. LeadingResponse offers its clients a suite of solutions to manage the targeting, engaging, and onboarding of new customers. Headquartered in Tampa, Florida, and with operations in Plano, Texas, the company has annual revenues of approximately $70 million and employs 150 people.

“Prospect was constructive in their diligence and demonstrated significant industry expertise during the entire transaction process,” said Lloyd Metz, Managing Director of ICV Partners. “ICV has worked with Prospect for many years as a trusted and dependable financing relationship.”

“LeadingResponse offers a proven new customer acquisition service that delivers a high return on investment through differentiated lead generation activities,” said David Moszer, Managing Director of Prospect Capital Management L.P. “Prospect is pleased to support ICV Partners and this investment.”

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 
[email protected] 
Telephone (212) 448-0702