Broder Bros. receives $100 million to finance recapitalization

By Lisa Kerner

Charlotte, N.C., March 28 - Broder Bros. received $100 million of senior secured debt financing from Prospect Capital Corp. to support its recapitalization.

Prospect Capital has closed about $800 million of new originations during the current March 2013 quarter, bringing trailing 12-month originations to nearly $3 billion, according to a Prospect Capital news release.

Broder is a Trevose, Pa.-based distributor of trade, private label and retail apparel brands to the imprinting, embroidery and promotional product industries.

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