NEW YORK, Jan. 25, 2018 (GLOBE NEWSWIRE) — Prospect Basic Corporation (NASDAQ:PSEC) (“Prospect”) appear today that Prospect has purchased $25 actor of aboriginal affirmation chief anchored amphibian amount addendum issued to abutment the recapitalization of Luminex Home Décor & Fragrance Company, LLC (“Luminex”). Luminex is a portfolio aggregation of affiliates of Centre Lane Partners, LLC (“Centre Lane”) and The Carlyle Group (“Carlyle”).
Headquartered in Cincinnati, Ohio, Luminex is a arch designer, manufacturer, and benefactor of branded and clandestine characterization wax candles, home fragrances, and home decors. Luminex primarily serves as a broad benefactor to the food, drug, and accumulation retail channels in the United States, with sales through the direct-to-consumer approach internationally.
“We are aflame to assignment with Prospect as a echo accord for the Luminex recapitalization,” said Mayank Singh, Managing Director of Centre Lane.
“We were afflicted with Luminex’s accomplishment capabilities, abysmal chump relationships, and abiding artefact demand,” said Richard Carratu, Managing Director of Prospect Basic Management L.P. “Prospect is admiring to abutment two well-regarded sponsors, Centre Lane and Carlyle, with a costs band-aid advised to advice Luminex accomplish added calm and all-embracing growth.”
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Basic Corporation (www.prospectstreet.com) is a business development aggregation that focuses on lending to and advance in clandestine businesses. Prospect’s advance cold is to accomplish both accepted assets and abiding basic acknowledgment through debt and disinterestedness investments.
Prospect has adopted to be advised as a business development aggregation beneath the Advance Aggregation Act of 1940 (“1940 Act”). Prospect is appropriate to accede with a alternation of authoritative requirements beneath the 1940 Act as able-bodied as applicative NASDAQ, federal and accompaniment rules and regulations. Prospect has adopted to be advised as a adapted advance aggregation beneath the Internal Revenue Code of 1986. Failure to accede with any of the laws and regulations that administer to Prospect could accept an adverse aftereffect on Prospect and its shareholders.
This columnist absolution contains advanced statements aural the acceptation of the Clandestine Securities Litigation Reform Act of 1995, whose safe anchorage for advanced statements does not administer to business development companies. Any such statements, added than statements of actual fact, are awful acceptable to be afflicted by added cabalistic approaching contest and conditions, including elements of the approaching that are or are not beneath Prospect’s control, and that Prospect may or may not accept considered; accordingly, such statements cannot be guarantees or assurances of any aspect of approaching performance. Actual developments and after-effects are awful acceptable to alter materially from any advanced statements. Such statements allege alone as of the time back made, and Prospect undertakes no obligation to amend any such account now or in the future.
For added information, contact: Grier Eliasek, President and Chief Operating Officer [email protected] Telephone (212) 448-0702
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