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8-K - FORM 8-K - Patriot Capital Funding, Inc. | w76411e8vk.htm |
EXHIBIT 99.1
FOR IMMEDIATE RELEASE | NEWS ANNOUNCEMENT |
Patriot Capital Funding Shareholders Approve
Merger With Prospect Capital Corporation
Merger With Prospect Capital Corporation
WESTPORT, CT November 18, 2009 Patriot Capital Funding, Inc. (NasdaqGS: PCAP) today announced
that its shareholders voted to overwhelmingly approve the proposed merger with Prospect Capital
Corporation (NasdaqGS: PSEC) at its special meeting of shareholders held earlier today.
In addition to Patriot Capital Funding shareholder approval, completion of the transaction is also
subject to the receipt of payoff letters from Patriot Capital Fundings lenders and other customary
closing conditions. Subject to the satisfaction of these conditions, the transaction is expected
to close on or about December 2, 2009.
About Patriot Capital Funding, Inc.
Patriot Capital Funding, Inc. (www.patcapfunding.com) is a specialty finance company providing
customized financing solutions primarily to private equity sponsors focused on making investments
in small- to mid-sized companies.
Forward-Looking Statements
This press release may contain certain forward-looking statements, including statements with regard
to the closing of the proposed merger transaction between Patriot Capital Funding and Prospect
Capital. Words such as believes, expects, projects, and future or similar expressions are
intended to identify forward-looking statements. These forward-looking statements are subject to
risks and uncertainties, including the satisfaction of the conditions of the proposed merger on the
proposed timeframe or at all, and other factors enumerated in the filings Patriot Capital Funding
makes with the Securities and Exchange Commission. Patriot Capital Funding undertakes no
obligation to publicly update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACTS |
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Richard Buckanavage
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Robert Rinderman or Norberto Aja | |
President and Chief Executive Officer
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Jaffoni & Collins Incorporated | |
203/429-2700
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212/835-8500 or PCAP@jcir.com |
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