Prospect Capital provides a senior secured loan and equity investment in ShipOffers for business growth and expansion.
Quiver AI Summary
Prospect Capital Corporation has announced a strategic investment in ShipOffers, providing a first lien senior secured term loan and an equity-linked investment to support the company’s growth initiatives. ShipOffers, established in 2001, specializes in on-demand product and order fulfillment services for e-commerce and direct-to-consumer brands, with facilities in Colorado, Tennessee, and the Netherlands. The investment aims to enhance ShipOffers' capabilities in technology and facilities, enabling further expansion across the U.S. and Europe. Both Tony Grebmeier, CEO, and Doug Roberts, CFO of ShipOffers, expressed enthusiasm for the partnership, highlighting Prospect's understanding of their business needs.
Potential Positives
- Prospect Capital Corporation has provided strategic growth capital to ShipOffers, indicating a commitment to supporting the expansion and evolution of the company.
- The investment in ShipOffers, a leading provider of fulfillment services, enhances Prospect's portfolio and reinforces its position in the logistics and e-commerce sector.
- Prospect's collaboration with ShipOffers' founders signifies a positive working relationship and a confidence in ShipOffers' established business model and market presence.
Potential Negatives
- The press release emphasizes that forward-looking statements made by Prospect Capital lack the safe harbor protections available to other companies, which could increase investor risk and potential liability.
- There is no mention of the specific terms, conditions, or potential risks associated with the investment in ShipOffers, which could leave stakeholders with uncertainties regarding the deal.
- The language used in the release suggests a reliance on ShipOffers’ past performance and growth, which may not guarantee future success, presenting a potential risk for Prospect’s investment strategy.
FAQ
What investment did Prospect Capital make in ShipOffers?
Prospect Capital provided a first lien senior secured term loan and an equity-linked investment in ShipOffers.
What services does ShipOffers provide?
ShipOffers offers on-demand product fulfillment services, including order processing, warehousing, and shipping for e-commerce and direct-to-consumer brands.
Where are ShipOffers' fulfillment facilities located?
ShipOffers operates fulfillment facilities in Colorado, Tennessee, and the Netherlands.
Who are the co-founders of ShipOffers?
The co-founders of ShipOffers are Tony Grebmeier, the CEO, and Doug Roberts, the CFO.
What is Prospect Capital Corporation?
Prospect Capital Corporation is a business development company that invests in middle market privately-held companies for income and capital appreciation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PSEC Insider Trading Activity
$PSEC insiders have traded $PSEC stock on the open market 11 times in the past 6 months. Of those trades, 11 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PSEC stock by insiders over the last 6 months:
- JOHN F BARRY (CHIEF EXECUTIVE OFFICER) has made 10 purchases buying 2,932,648 shares for an estimated $6,671,373 and 0 sales.
- M GRIER ELIASEK (Chief Operating Officer) purchased 942,800 shares for an estimated $2,749,770
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$PSEC Revenue
$PSEC had revenues of $150.1M in Q3 2026. This is a decrease of -260.4% from the same period in the prior year.
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$PSEC Hedge Fund Activity
We have seen 102 institutional investors add shares of $PSEC stock to their portfolio, and 72 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP added 9,316,639 shares (+142.6%) to their portfolio in Q1 2026, for an estimated $24,316,427
- INDEPENDENT FINANCIAL GROUP, LLC added 2,856,593 shares (+627.6%) to their portfolio in Q1 2026, for an estimated $7,455,707
- MILLENNIUM MANAGEMENT LLC removed 2,836,722 shares (-92.8%) from their portfolio in Q1 2026, for an estimated $7,403,844
- VAN ECK ASSOCIATES CORP removed 2,347,674 shares (-24.3%) from their portfolio in Q1 2026, for an estimated $6,127,429
- MARSHALL WACE, LLP removed 1,462,296 shares (-23.5%) from their portfolio in Q1 2026, for an estimated $3,816,592
- POINT72 ASSET MANAGEMENT, L.P. removed 1,065,592 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,781,195
- BLACKROCK, INC. removed 815,115 shares (-34.1%) from their portfolio in Q1 2026, for an estimated $2,127,450
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Full Release
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) and an affiliate have provided a first lien senior secured term loan and an equity-linked investment in ShipOffers (“ShipOffers” or the “Company”), in collaboration with the company’s founders and leadership team.
Founded in 2001 with a 25-year history, ShipOffers is a leading provider of on-demand product and order fulfillment services, offering sourcing, order processing, warehousing, pick-pack-and-ship, real-time tracking, and platform integrations for e-commerce and direct-to-consumer brands. ShipOffers operates fulfillment facilities in Colorado and Tennessee, as well as a facility in the Netherlands, enabling clients to scale distribution across the United States and Europe. The Company serves customers across the health and beauty, nutraceutical, and consumer products industries, and is led by co-founders Tony Grebmeier, Chief Executive Officer, and Doug Roberts, Chief Financial Officer.
“Prospect is pleased to provide strategic growth capital that supports continued evolution by the ShipOffers team in people, technology, and facilities,” said Angel Solis, Managing Director at Prospect. “ShipOffers has built a differentiated fulfillment platform over more than two decades, and we look forward to supporting the Company’s next phase of growth.”
The ShipOffers team was impressed with how quickly and thoughtfully Prospect worked to understand our business,” said Tony Grebmeier, Co-Founder and CEO of ShipOffers. “This investment allows our team to keep driving growth in the business we launched 25 years ago in 2001, while providing us the capital to expand our footprint and continue delivering for our clients.”
About Prospect Capital Corporation
Prospect is a business development company that primarily lends to and invests in middle market privately-held companies. Prospect’s investment objective is to generate both current income and long-term capital appreciation.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
About ShipOffers
Founded in 2001, ShipOffers is a globally recognized logistics and fulfillment company serving businesses across a range of industries. With facilities in Colorado, Tennessee, and the Netherlands, ShipOffers provides sourcing, order fulfillment, shipping, and strategic guidance, backed by a team of more than 150 professionals worldwide. For more information, visit www.shipoffers.com .
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
For additional information, contact:
Grier Eliasek, President and Chief Operating Officer
[email protected]
Telephone (212) 448-0702