Prospect Capital Provides Senior Secured Term Loan and Equity Capital to ShipOffers
PSEC•On July 6, Prospect Capital provided a first-lien senior secured term loan and equity-linked investment to 25-year-old ShipOffers, which operates fulfillment facilities in Colorado, Tennessee and the Netherlands. The capital will fund sourcing, order processing, warehousing and real-time tracking upgrades to support health & beauty, nutraceutical and consumer products brands.
1. Investment Details
Prospect Capital structured a first-lien senior secured term loan alongside an equity-linked investment in ShipOffers. The financing package is intended to deliver growth capital without disclosing specific financial terms.
2. ShipOffers Background
Founded in 2001, ShipOffers provides on-demand sourcing, order processing, pick-pack-ship, warehousing and real-time tracking services. The company operates facilities in Colorado, Tennessee and the Netherlands, serving health & beauty, nutraceutical and consumer products clients.
3. Strategic Implications for Prospect
This deal expands Prospect Capital’s private credit portfolio within the logistics sector, supporting ShipOffers’ next-phase growth. The transaction underscores Prospect’s focus on middle-market businesses requiring flexible financing for technology and facility enhancements.
