NEW YORK, NY--(Marketwire - Aug 10, 2011) - Prospect Capital Corporation (
Headquartered in West Chester, Pennsylvania, Nobel Learning is a leading national operator of private schools. Nobel Learning operates a network of more than 180 private schools, including preschools, K-8 schools, and high schools, with a commitment to deliver outstanding education at all levels. Nobel Learning's proprietary, standards-based curriculum enables teachers to build the right skills at each developmental stage in a manner appropriate for each child's individual learning style.
"Prospect demonstrated a high level of responsiveness to facilitate this financing for Leeds Equity," said Carter Harned, a Managing Director of Leeds Equity Partners. "We are excited to have Prospect as a lender to another Leeds Equity portfolio company."
"Nobel Learning delivers a best-in-class curriculum to students and parents with strong operational expertise," said David Moszer, a Managing Director with Prospect Capital Management. "Prospect welcomes the opportunity to support the company and Leeds Equity with our financing."
Prospect has closed more than $750 million of new originations during calendar year 2011, including nearly $100 million in the current quarter, and has an advanced investment pipeline of nearly $300 million.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
We have elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). We are required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to us could have an adverse effect on us and our shareholders.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.