Prospect Capital Purchases $25 Million of First Lien Senior Secured Floating Rate Notes Issued by Luminex

NEW YORK, Jan. 25, 2018 -- Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has purchased $25 million of first lien senior secured floating rate notes issued to support the recapitalization of Luminex Home Décor & Fragrance Company, LLC (“Luminex”). Luminex is a portfolio company of affiliates of Centre Lane Partners, LLC (“Centre Lane”) and The Carlyle Group (“Carlyle”).

Headquartered in Cincinnati, Ohio, Luminex is a leading designer, manufacturer, and distributor of branded and private label wax candles, home fragrances, and home decors. Luminex primarily serves as a wholesale distributor to the food, drug, and mass retail channels in the United States, with sales through the direct-to-consumer channel internationally.

“We are excited to work with Prospect as a repeat relationship for the Luminex recapitalization,” said Mayank Singh, Managing Director of Centre Lane.

“We were impressed with Luminex’s manufacturing capabilities, deep customer relationships, and stable product demand,” said Richard Carratu, Managing Director of Prospect Capital Management L.P. “Prospect is pleased to support two well-regarded sponsors, Centre Lane and Carlyle, with a financing solution designed to help Luminex achieve further domestic and international growth.”

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