Prospect Capital Corporation and an affiliate provided an aggregate investment of approximately $18 million to TCSPV Holdings IV, LLC, known as 'The Ridge'. The investment package includes a first lien senior secured term loan, a first lien senior secured revolving credit facility, and an equity investment.
This investment was made in collaboration with Thesis Capital Partners. The Ridge operates as a physician-led addiction treatment facility, offering personalized care in a residential setting.
The transaction expands Prospect's presence in the healthcare industry, specifically within the addiction treatment segment. This structured investment aims to support The Ridge's operations and growth initiatives.
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