Prospect Provides Backing for Capstone's Pinnacle Acquisition
June 22, 2015
Prospect Capital has announced it provided an incremental $37.5 million of floating rate secured term debt to support Capstone Logistics' acquisition of Pinnacle Workforce Logistics, a provider of fully managed workforce solutions. Capstone has been a portfolio company of The Jordan Company since August 2014. Prospect holds the platform's entire senior second lien facility, which totals approximately $100 million.