Prospect Capital
Corporation PSEC ("Prospect") announced today that Prospect
has provided $94.0 million in senior secured loans and equity for the
recapitalization of CP Energy Services, Inc. ("CP Energy"), an energy
services company based in western Oklahoma.
CP Energy consists of CP Well Testing, Inc. ("CP Well"), a leading
provider of flowback services, and Fluid Management Holdings, Inc.
("Fluid Management"), a premier operator of transport trucks and
disposal wells. Both companies operate in the Anadarko basin of
western Oklahoma and Texas. Senior managers of CP Well and Fluid
Management made significant co-investments in CP Energy.
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