Prospect Capital buys $70 million notes for Ahead Data Blue recapitalization

Chicago, Dec. 18 – Prospect Capital Corp. purchased $70 million of senior secured floating-rate second lien notes for the recapitalization of Ahead Data Blue, according to a news release.

In October, Ahead LLC and Data Blue, LLC announced an agreement to merge their two companies and acquire Sovereign Systems, LLC, forming Ahead Data Blue.

Ahead Data Blue is a portfolio company controlled by affiliates of Court Square Capital Partners.

Ahead is a Chicago-based consulting company that helps enterprises transform how and where they run applications and infrastructure. Data Blue is an Atlanta-based designer and provider of IT infrastructure solutions for large enterprise clients.

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