Daily News: March 11, 2014

Prospect Capital Provides First-Lien Debt to Tolt Solutions

Prospect Capital announced that Prospect has provided first-lien senior secured floating rate debt to support the continued growth of Tolt Solutions.

“We are pleased to have completed our second transaction with Prospect in just the past four months,” said Behdad Eghbali, a partner at Clearlake Capital. “We selected Prospect based on the speed, constructive approach, and certainty of closing that we experienced working with Prospect in our previous financing.”

“Tolt’s high customer retention rate, robust new business pipeline, and complete business services platform to the retail sector positions Tolt as a leader in the industry,” said Jason Wilson, a managing director of Prospect Capital Management. “This transaction is another example of the repeat relationships that Prospect develops with its private equity clients through responsive service and flexible capital structure solutions.”

Taylors, SC-based Tolt is a retail-focused information technology services company, providing customized network architecture solutions, installation, deployment, maintenance, and customer support to retailers nationwide.