Progrexion gets $202 million refinancing loans from Prospect Capital

By Marisa Wong

Los Angeles, July 29 – PGX Holdings, Inc. (Progrexion), a portfolio company of H.I.G. Capital, LLC, obtained term loans totaling $202 million from Prospect Capital Corp.

Prospect has funded a $49 million first-lien senior secured floating-rate term loan and a $153 million second-lien senior secured floating-rate term loan to support the refinancing of Progrexion, according to a news release.

Progrexion is a provider of consumer credit repair services based in Salt Lake City.

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