Daily News: March 4, 2013

Prospect Capital Provides $70MM to Support Cinedigm Recap


Prospect Capital announced it has provided a $70 million term loan to support the recapitalization of subsidiaries of Cinedigm Digital Cinema, a digital entertainment and deployment services company.

“With our deep expertise in media and technology industries, as well as other verticals, Prospect is pleased to support Cinedigm, a market leader in its industry,” said Ted Fowler, managing director of Prospect Capital Management LLC.

“We appreciate Prospect’s creativity with this complex transaction, which positions Cinedigm for growth in the digital entertainment marketplace,” said Adam Mizel, COO and CFO of Cinedigm.

New York City-based Prospect Capital is a closed-end investment company that lends to and invests in private and microcap public businesses.