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Prospect Capital Provides $48.5MM Facility to USG Intermediate

April 17, 2015, 07:38 AM
Filed Under: Marketing

Prospect Capital Corporation has provided USG Intermediate, LLC (“USG”) with $48.5 million of first lien, floating-rate debt commitments comprised of term loans and a revolving credit facility.

Founded over a decade ago, USG is an entrepreneur-owned direct marketing company with an active base of longstanding customers. USG utilizes a variety of direct mail, print media, digital media, television direct response, and telemarketing channels to reach new and existing consumers interested in purchasing high-value collectible items.

“Prospect’s loan to USG exemplifies Prospect’s direct lending business that provides financing solutions to family-owned companies,” said David Moszer, a Managing Director of Prospect Capital Management L.P. “Prospect worked with USG to develop a loan package that provides USG with flexibility to expand its business operations without raising dilutive equity capital.”

Prospect closed nearly $3.2 billion of new originations during calendar year 2014.

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