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Wednesday, April 1, 2015

Prospect Capital Provides Incremental $58.7 Million of First-Lien Floating-Rate Debt to IWCO Direct

Prospect's commitment is comprised of $58.7 million in the form of an add-on to the existing funded term loan and up to $16.0 million of additional debt in the form of a delayed draw term loan. Founded in 1969 and headquartered in Chanhassen, Minnesota, IWCO Direct is a leading provider of direct marketing solutions to leading direct marketers for acquisition and loyalty programs in the United States.

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