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Prospect Capital Provides $60MM Credit Facility to Sandow Media

Date: May 10, 2013 @ 07:19 AM
Filed Under: Media

Prospect Capital Corporation provided a $60 million senior secured credit facility to support the continued growth of Sandow Media.

Founded by visionary media entrepreneur Adam I. Sandow in 2003, Sandow builds brands that engage audiences across consumer media, business media, retail commerce, e-commerce, licensing, and marketing. The Sandow brands, powered by innovation and meeting at the intersection of luxury and design, span multiple platforms. With more than 400 employees in 14 global offices, Sandow's diversified offerings allow Sandow to strategically cross-pollinate its specialized business models that have helped deliver strong historical growth. Sandow brands include Culture + Commerce, Curator, Fred Segal, Furniture/Today Group, Interior Design, Luxe Interiors + Design, Material ConneXion, NewBeauty,, Watch Journal, and Worth.

"We are excited to enter into this long-term relationship with Prospect, " said Adam Sandow, CEO of Sandow. "Prospect has been flexible and creative in providing a one-stop financing solution that both strengthens our balance sheet and provides capital to drive future growth."

"We are pleased to support Sandow with our differentiated one-stop financing solution," said Jason Wilson, a managing director of Prospect Capital Management LLC. "This transaction exemplifies our value added approach to structuring financing solutions for exceptional companies, including both financial sponsor-owned companies and other privately-held businesses and non-sponsor closely held companies."

Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses.

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