Prospect Capital Makes Senior Secured Debt and Equity Investment in Great Point Partners Portfolio Company: Financial News - Yahoo! Finance
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Press Release
Source: the debt diet Prospect Capital Corporation
Prospect Capital Makes Senior Secured Debt and Equity Investment in leo mangan - debt set Great Point Partners tcn debt Portfolio Company
Tuesday August 26, 7:30 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 26, 2008 help with debt -- Prospect Capital Corporation (PSEC - News) ("Prospect") announced today that it led a senior secured debt financing and co-invested alongside Great Point Partners, LLC ("Great Point") in its growth recapitalization of BNN Holdings Corp. d/b/a Biotronic NeuroNetwork ("Biotronic"), based debt consolidation loan online in Ann Arbor, Michigan.
Founded in 1978, Biotronic is the largest independent national provider of intra-operative neurophysiological monitoring ("IONM") services. IONM refers to the monitoring of critical nerve functions during various types of surgeries, including orthopedic, spinal, neurocranial, vascular, and cardiothoracic. Outsourced IONM, both onsite and remotely supported, improves surgical outcomes and safety, decreases litigation risk, and amortis of debt reduces cost burdens for hospitals. Biotronic debt securities for accounting has more than 120 trained technicians debt consolidation jackfm and neurologists providing technical and professional services in more than 20,000 procedures per year to jason corbett debt counseling over 300 hospitals and 1,000 surgeons across the country.
Great Point is a leading healthcare countries with external debt investment firm based in Greenwich, Connecticut, with approximately $700 million of assets under management. online debt consolidation loan Prospect's senior secured debt investment and equity co-investment supports Great Point's acquisition of Biotronic.
"I have known the senior leadership of Prospect for a decade, and our team is impressed with Prospect's professionalism and responsiveness. We look forward to having Prospect as a partner to help fuel organic and acquisitive growth at Biotronic," said Adam Dolder, Managing Director of Great Point.
"We value subordinate debt Great Point's domain expertise in the healthcare sector," said Gautam Shirhattikar, a Vice President with adelaide debt Prospect Capital Management. "With our equity co-investment, we expect to benefit from Biotronic's rapid washington state current debt growth as government grants to reduce debt the market leader."
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital british columbia debt Corporation (www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income kevin trudeau debt cures blog and capital appreciation through debt and equity investments.
Prospect Capital has elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). what is debt to income ratio We are required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and debt collectors calling twice daily state laws and regulations. We wipe out debt advice tennesee have elected to be treated as a regulated investment non profit debt consolidation company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to Prospect Capital could have a material adverse effect on Prospect Capital and its shareholders.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such statements, other than statements of historical fact, are likely to be affected debt managerment services by other unknowable future events and conditions, including elements of the concordia san antonio debt future that are or are not under Prospect's control, and that Prospect may or may not have considered; debt management fort myers accordingly, such statements cannot be guarantees or death credit card debt collection assurances of any aspect of future performance. Actual developments and debt recovery bureau results are highly likely to vary materially from nova debt consolidation these estimates and projections of the future. Such statements debt ratio explained speak only as of the time when made, and Prospect undertakes no obligation to update any such statement now or i want out of debt in the future.
Contact:
Please send investment proposals debt settlement tips to:
Grier Eliasek
President and Chief Operating Officer
Email Contact
(212) 448-9577
Source: Prospect Capital Corporation
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