Glassware Co. Gets $23M Loan From Prospect Capital

Law360, New York (September 30, 2011, 5:39 PM EDT) -- Prospect Capital Corp. on Friday said it had loaned $23 million to Anchor Hocking LLC, the Lancaster, Ohio, glassware maker purchased out of bankruptcy in 2007 by private equity firm Monomoy Capital Partners.

Prospect said the Anchor Hocking senior secured loan, which will support a recapitalization effort, means it has closed nearly $900 million in new loan originations in 2011 including more than $200 million in the current quarter.

"The Anchor transaction, together with other recently closed deals, demonstrates our ability to serve as lead investor...
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