Prospect Capital Provides $25 Mln Loan To SAFE - Quick Facts

(RTTNews) - Prospect Capital Corp. (PSEC) Tuesday said it recently provided a $25 million loan to Security Alarm Financing Enterprises, L.P. or SAFE, a portfolio company of ICV Partners, to support continued organic and acquisition-driven growth.

Based in San Ramon, California, SAFE ranks among the top 25 security alarm companies in the U.S. with operations in all 50 states, Puerto Rico, and Canada.

SAFE provides a full range of monitoring, billing, collection, and marketing services for dealers in its SAFE dealer network.

With over $7 billion of capital under management, Prospect has closed over $3.1 billion of new originations so far in calendar year 2014.