On Thursday, Prospect Capital Corporation (NASDAQ:PSEC)’s shares showed no change to $7.42.
Prospect Capital Corporation (PSEC) declared that Prospect has offered Capstone Logistics, LLC (“Capstone”), an existing portfolio company of Prospect, with an incremental $37.5 million of floating rate secured term debt to support Capstone’s acquisition of Pinnacle Workforce Logistics LLC (“Pinnacle”). Prospect holds Capstone’s entire senior second lien facility, which totals about $100 million.
Headquartered in Atlanta, Capstone services over 50 customers at more than 240 facilities across 45 states. Capstone is an outsourced supply-chain-solutions provider offering freight handling services, supply-chain consulting, and administration of distribution centers. Capstone’s workforce solutions allow distribution center operators to outsource non-core labor-intensive elements of their supply chains. The Jordan Company, L.P. purchased Capstone in August 2014.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, and subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, unitranche debt, first-lien and second lien, private debt, mezzanine debt, and equity investments in private and microcap public businesses.
MFA Financial, Inc. (NYSE:MFA)’s shares gained 0.47% to $7.51.
MFA Financial, Inc. (MFA) declared that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share of common stock for the second quarter of 2015. The dividend will be paid on July 31, 2015, to stockholders of record on June 29, 2015.
MFA Financial, Inc., a real estate investment trust (REIT), invests in residential agency and non-agency mortgage-backed securities (MBS), and residential whole loans in the United States (the U.S.). Its MBS are secured by hybrid mortgages, adjustable-rate mortgages, and 15-year and longer term fixed-rate mortgages, in addition to by mortgages that have interest rates that reset more frequently.
At the end of Thursday’s trade, Discovery Communications Inc. (NASDAQ:DISCK)‘s shares surged 0.51% to $31.25.
As part of the declared Discovery at Sea program, in partnership with Discovery Consumer Products, the licensing arm of Discovery Communications, Princess Cruises is bringing guests closer than ever to the entertainment phenomenon of Shark Week with premiere television content, onboard parties, trivia games, giveaways and even shark-themed culinary bites and beverages.
Shark Week at Sea will challenge adults and kids alike with activities designed to surprise, amuse, educate and create an appreciation for these tremendously misunderstood denizens of the deep.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
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