Onyx Payments gets $86.1 million more loans from Prospect Capital

By Susanna Moon

Chicago, Oct. 20 – Onyx Payments upsized its credit facilities by $86.1 million for its recapitalization and acquisitions of Net Trans Services AS and Worldwide Payment Systems SA, according to a press release by Prospect Capital Corp., lender and agent.

The company’s facility consists of first-lien senior secured debt, the release noted.

Onyx Payments is an H.I.G. Capital portfolio company. The company processes hotel payment disbursement and reconciliation solutions and is based in Dallas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.