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Prospect Capital funds $55 million floating-rate term loan for Enseo acquisition
By Rebecca Melvin
Concord, N.H., June 22 – Prospect Capital Corp. said it has funded a $55 million first-lien senior floating-rate term loan to support the acquisition of Enseo Holdings Inc. by an affiliate of H.I.G. Capital LLC, according to a news release.
Plano, Tex.-based Enseo is a hospitality, senior living and education technology services company.
New York-based Prospect Capital provides private debt and equity to middle-market businesses.
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