Prospect Capital Provides $28 Million in Senior Secured Financing to Support Acquisition of Total Fleet Solutions by CI Capital Partners, Resulting in Nearly $800 Million in Originations to Date in Calendar Year 2012

Prospect Capital Corporation PSEC ("Prospect") announced today that Prospect has provided a $28 million senior secured loan to support the acquisition of Material Handling Services, LLC, d/b/a Total Fleet Solutions ("TFS"), a provider of outsourced business services focused on the procurement and fleet management of forklifts and other material handling equipment ("MHE"), by funds managed by CI Capital Partners LLC ("CI Capital"). Based in Holland, Ohio, TFS is the largest provider of brand-independent fleet management services to Fortune 1000 companies. TFS provides a unique turnkey approach to MHE fleet management and procurement that allows customers to optimize their MHE fleet and achieve a lower cost of ownership. "Prospect's breadth and responsiveness have supported our need for a single lender financing solution for TFS, and we look forward to future business with Prospect," said Timothy T. Hall, a Managing Director of CI Capital. "Prospect is pleased to provide financing to support the growth and recapitalization of this industry-leading company," said David Moszer, a Managing Director of Prospect Capital Management. Prospect has closed nearly $800 million of originations to date in the current 2012 calendar year. Prospect's advanced investment pipeline aggregates approximately $500 million of potential opportunities.