Prospect Capital Provides $13 Million in Senior Secured Second Lien (PSEC)

Prospect Capital Provides $13 Million in Senior Secured Second Lien Financing to Support Annex Capital's Purchase of a Leading Food Services Company Prospect Capital Corporation PSEC announced today that Prospect has made a secured debt investment of $13 million to support the acquisition of a leading food distributor by Annex Capital Management. The Company is a leading distributor of refrigerated and frozen meats to Hispanic grocery stores and bodegas. Based in Southern California, the Company serves approximately 2,000 individual retail stores in Southern and Central California. "Prospect played an instrumental leadership role by providing flexible capital to support the Company's growth strategy," said Amant Dewan, Principal of Annex.