Prospect Capital Provides $44 Million Secured Loan to Support the Refinancing of New Century Transportation

Prospect Capital Corporation PSEC ("Prospect") announced today that it has provided a $44 million secured subordinated loan to support the refinancing of New Century Transportation, Inc. ("New Century" or "NCT"), a leading transportation and logistics company. NCT is a portfolio company of Jefferies Capital Partners LLC ("JCP"). New Century is a specialized motor carrier that combines the high revenue yield characteristics of a less-than-truckload carrier with the operating flexibility and low fixed costs of a service-sensitive truckload carrier. NCT executes its unique business model through its Load-to-Deliver System for less-than-truckload shipments. New Century offers to its customers a full range of over-the-road transportation solutions, including customized, time-definite, dedicated, and specialized truckload and less-than-truckload services. NCT's specialized services include the transportation of temperature-controlled and hazardous freight. New Century is based in Westampton, New Jersey.