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| Written by Administrator |
| Saturday, 28 August 2010 16:02 |
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Prospect Capital invests $52.4 mln of debt and equity in AIRMALL USA8:05 am ET 08/02/2010 - Briefing.com
Co announced that Prospect has invested $52.4 mln of combined debt and equity in AIRMALL USA. Of Prospect's $52.4 mln total investment, $30.0 mln is structured as senior secured operating company debt, $12.5 mln as holding company debt, and $9.9 million as controlling preferred equity.
BAA USA Acquired by New Owners, to be Renamed AIRMALL® USA10:55 am ET 08/02/2010 - PR Newswire
PITTSBURGH, Aug. 2 /PRNewswire/ -- BAA USA, developer of the AIRMALL�®, the leading airport concessions model in North America, was recently acquired by Prospect Capital Corporation, an investment company based in New York City. Prospect Capital Corporation purchased BAA USA from its previous owners, BAA Ltd., in a transaction that was completed on July 30, 2010. "At AIRMALL USA, we are anxious to begin this next chapter with our new owners, Prospect Capital Corporation. They have a comprehensive understanding of our value proposition to the airports we serve, to their communities and to the traveling passenger base," said Mark Knight, president of AIRMALL USA. "Moreover, our new name -- AIRMALL USA -- represents the true essence of our established brand. With a combination of recognized national and international retailers, high-quality local concepts and a promise of 'Regular Mall Pricing…Guaranteed,' the AIRMALL continues to boast the highest per passenger spend of any concessions program in North America. It also consistently wins accolades for innovation and customer service." AIRMALL USA remains the manager and developer of retail, food and beverage concessions at PittsburghInternational Airport (PIT), Boston Logan International Airport (BOS) in Terminals B and E, Baltimore/Washington International Thurgood Marshall Airport (BWI) and Cleveland Hopkins International Airport (CLE). The company's headquarters will remain in Pittsburgh at PittsburghInternational Airport.
Prospect Capital Provides $21.5 Million Senior Facility for Northwestern Management Services, With Nearly $250 Million Now Invested by Prospect in 10 Transactions Since March 31, 20108:00 am ET 08/03/2010 - Market Wire
NEW YORK, NY -- (MARKET WIRE) -- 08/03/10 --Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that Prospect has closed a $21.5 million senior secured credit facility for Northwestern Management Services, LLC (d/b/a Gentle Dental) ("NMS" or the "Company"), a leading dental practice management company in the Southeast Florida market. Prospect's senior secured credit facility is being utilized to support a recapitalization of the Company and provide funding for the acquisition of six dental practices in Southeast Florida known as the Dental Team. The NMS investment is Prospect's 10th investment in the last four months, with such investments aggregating nearly $250 million. Prospect currently has an investment pipeline of over $1 billion of potential investment opportunities. Founded in 2002, NMS manages a network of 19 general, cosmetic, and multi-specialty dental practices with nearly 50 dentists and specialists, and is the largest dental practice management company operating solely in Southeast Florida. NMS provides comprehensive general family dentistry, preventive care, and specialty dental services. NMS is led by CEO David Willens and sponsored by The Beekman Group LLC ("TBG"), a leading private equity firm dedicated to bringing financial and operational resources to lower-middle-market companies. Since December 2007, NMS management and TBG have approximately doubled the Company's revenues by opening new practices, expanding existing practices, and acquiring additional offices.
Prospect Capital Schedules Fiscal Year Earnings Release and Conference Call4:00 pm ET 08/23/2010 - Market Wire
NEW YORK, NY -- (MARKET WIRE) -- 08/23/10 --Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect," the "Company") announced today that it expects to file with the Securities and Exchange Commission its report on Form 10-K containing its fiscal year results for the period ended June 30, 2010, on Monday, August 30, 2010 after the close of the markets. The Company also expects to issue its earnings press release on Monday, August 30, 2010 after the close of the markets. The Company will host a conference call on Tuesday, August 31, 2010 at 11:00 a.m. Eastern Time. The conference call dial-in number will be 877-317-6789. A recording of the conference call will be available for approximately 30 days. To hear a replay, call 877-344-7529 and use passcode 443880.
Prospect Capital Declares the 26th and 27th Consecutive Cash Distributions of the Company9:00 am ET 08/26/2010 - Market Wire
NEW YORK, NY -- (MARKET WIRE) -- 08/26/10 --Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect" or "Company") announced today that Prospect has declared monthly cash distributions in the following amounts and with the following dates: 10.0625 cents per share for September 2010 (record date of September 30, 2010 and payment date of October 29, 2010); and 10.0750 cents per share for October 2010 (record date of October 29, 2010 and payment date of November 30, 2010). These distributions mark the Company's 26th and 27th consecutive cash distributions. The Company expects to declare its November, December, and January distributions in November. |