Sagent Advisors acted as exclusive financial advisors to USG Intermediate, LLC (“USG”) with respect to its recapitalization transaction including $48.5 million of first lien, floating-rate debt commitments comprised of term loans and revolving credit facility provided by Prospect Capital Corporation (NASDAQ: PSEC, “Prospect”). Founded over a decade ago, USG is an entrepreneur-owned direct marketing company with an active base of longstanding customers.
USG utilizes a variety of direct mail, print media, digital media, television direct response, and telemarketing channels to reach new and existing consumers interested in purchasing high-value collectible items. Prospect Capital Corporation (www.prospectstreet.com) is a business development company that focuses on lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.