Prospect Capital Completes Investment in ShipOffers
Rhea-AI Summary
Prospect Capital (NASDAQ:PSEC) completed an investment in ShipOffers, providing a first lien senior secured term loan and an equity-linked investment alongside the company’s founders and leadership team.
ShipOffers, founded in 2001, offers on-demand product and order fulfillment from facilities in the US and the Netherlands for e-commerce and direct-to-consumer brands.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
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Negative
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News Market Reaction – PSEC
On the day this news was published, PSEC declined 1.79%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 23 | Special meeting update | Neutral | -2.2% | Adjourned special stockholder meeting to July 7, 2026 to solicit votes. |
| Jun 09 | Special meeting update | Neutral | +1.4% | Adjourned stockholder meeting to June 23, 2026 for additional vote solicitation. |
| May 27 | Portfolio company sale | Positive | +1.3% | Announced sale of Valley Electric for about $328M with strong MOIC and IRR. |
| May 07 | Earnings results | Neutral | -10.2% | Reported March 31, 2026 quarter results including NII, NAV and distributions. |
| May 06 | Earnings call notice | Neutral | +1.1% | Scheduled Q3 2026 earnings release and conference call with access details. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has typically produced modest single‑day moves, with one notably sharp selloff following the March 2026 results release.
Key Terms
first lien senior secured term loan financial
equity-linked investment financial
pick-pack-and-ship technical
real-time tracking technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
grier@prospectcap.com
Telephone (212) 448-0702
