PROSPECT CAPITAL CORPORATION
NEW YORK, NY--(Marketwired - Aug 13, 2015) - Prospect Capital Corporation (
Founded in 2003 and headquartered in Bellevue, Washington, Intelius provides information about people, their histories, and their connections to people, places, and organizations. Services offered include people search (e.g., finding contact information, residence history, employment, education, and other background information on people of interest), reverse people lookup (by phone number, e-mail, and social network), background checks, and identity theft protection services. Customers can access information through one-time purchases or ongoing subscriptions. Intelius has a robust and proprietary technology platform that gathers over 20 billion public records from a large network of publicly and commercially-available sources and assigns such records to more than 250 million unique profiles in the United States.
Founded in 1995 and headquartered in Seattle, Washington, CI operates the leading online social network service in the United States for bringing high school alumni together. CI serves over 70 million members and enables its users to find and reconnect with high school friends. In addition to facilitating connections with high school friends, CI also features the largest library of digitized yearbooks available anywhere on the Internet, with over 300,000 yearbooks available online to help members reconnect, reminisce, engage, and plan reunions with their classmates. CI will operate as a separate division of Intelius.
"The strategic investment in Classmates represents a one-of-a-kind social network with an excellent fit with Intelius and with proprietary content available to its members," said Jason Wilson, a Managing Director of Prospect Capital Management. "This add-on financing, which closed only one month after the initial acquisition of Intelius, demonstrates Prospect's execution agility and track record of supporting the growth plans of platform businesses backed by high-quality sponsors."
"Prospect provides flexible and creative debt financing solutions, demonstrating why we often select Prospect to finance our platform acquisitions and provide subsequent financings for growth," said Elliot Maluth, a Managing Director of H.I.G. "We are pleased to work with Prospect once again on an add-on financing transaction."
Prospect closed approximately $2.0 billion of new originations in the twelve months ended June 30, 2015.
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.
