Press Release

Prospect Capital Purchases $32 Million of First Lien Senior Secured Floating Rate Notes Issued by AgaMatrix

Company Release - 10/2/2017 7:00 AM ET

NEW YORK, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has purchased $32 million of first lien senior secured floating rate notes issued by AgaMatrix, Inc. (“AgaMatrix”).

Headquartered in Salem, New Hampshire, AgaMatrix is a leading developer, manufacturer, and marketer of innovative diabetes care solutions for blood glucose monitoring and data management on mobile and cloud platforms. AgaMatrix’s products are powered by the company’s proprietary and patent-protected technologies. The Diabetes Technology Society recently recognized AgaMatrix products for their high quality of accuracy relative to competing products in the marketplace.

“The Prospect team has deep experience in the healthcare sector and worked with our company to provide a customized solution for our particular financing needs,” said John Alberico, President and Chief Executive Officer of AgaMatrix. “We found Prospect to be a highly collaborative organization throughout the transaction process.”

“Prospect is pleased to support AgaMatrix and its continued growth in the blood glucose monitoring industry,” said David Moszer, Managing Director of Prospect Capital Management L.P. “AgaMatrix offers affordable products that are among the highest accuracy within the industry, helping millions of patients monitor their health on a daily basis.”

ABOUT PROSPECT CAPITAL CORPORATION

Prospect Capital Corporation (www.prospectstreet.com) is a business development company that focuses on lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 (“1940 Act”). Prospect is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. Prospect has 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 Prospect could have an adverse effect on Prospect and its 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 Prospect’s control, and that Prospect 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 any forward-looking statements.  Such statements speak only as of the time when made, and Prospect undertakes no obligation to update any such statement now or in the future.

For further information, contact:
Grier Eliasek, President and Chief Operating Officer
grier@prospectstreet.com
Telephone (212) 448-0702

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Source: Prospect Capital Corporation