Daily News: July 14, 2015

Prospect Capital Provides Additional $11.8MM to System One

Prospect Capital provided System One Holdings, a portfolio company of MidOcean Partners, with an incremental $11.8 million of first lien senior secured floating rate debt to support the acquisition of AECOM’s quality programs business.

System One utilized a delayed draw term loan to which Prospect previously committed. Prospect now provides approximately $80 million of financing to System One as the sole term lender.

Pittsburgh-based System One is a top 35 staffing firm in the U.S.