Daily News: May 10, 2013

Prospect Capital Provides $60MM Facility to Sandow Media

Business development company Prospect Capital announced that it has provided a $60 million senior secured credit facility to support the continued growth of Sandow Media.

“We are excited to enter into this long-term relationship with Prospect,” said Adam Sandow, CEO of Sandow. “Prospect has been flexible and creative in providing a one-stop financing solution that both strengthens our balance sheet and provides capital to drive future growth.”

“We are pleased to support Sandow with our differentiated one-stop financing solution,” said Jason Wilson, a managing director of Prospect Capital Management. “This transaction exemplifies our value added approach to structuring financing solutions for exceptional companies, including both financial sponsor-owned companies and other privately-held businesses and non-sponsor closely held companies.”

Sandow Media builds brands that engage audiences across consumer media, business media, retail commerce, e-commerce, licensing and marketing.