Prospect Capital announced it upsized its existing credit facilities to Onyx Payments, an H.I.G. Capital portfolio company, by $86.1 million to facilitate Onyx’s recapitalization and acquisitions of Net Trans Services AS and Worldwide Payment Systems SA. Prospect is now the sole lender and agent of the first lien senior secured debt issued by Onyx.

“We are excited to strengthen Onyx’s competitive position in hotel commission payment processing and travel agency reconciliation services,” said Mark Dubrow, CEO of Onyx. “We also are impressed with Prospect’s ability to navigate a complex transaction involving multiple international entities. This investment allows us to further expand our global footprint.”

“Prospect is delighted to support the growth of Onyx with this follow-on investment,” said Jason Wilson, Managing Director of Prospect Capital Management LLC. “Prospect’s ability to hold large one-stop investments is a significant differentiator in the middle market.”

Onyx is a processor of hotel payment disbursement and reconciliation solutions, facilitating in excess of $500 million payments annually.