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Main St. & Main, Inc. (MAIN) Message Board

  • nadsmis nadsmis Jun 12, 2014 1:07 PM Flag

    MAIN new portfolio investment

    this looks like a good one...
    HOUSTON, June 3, 2014 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it recently led a new portfolio investment totaling $19.2 million of invested capital in Datacom, L.L.C. ("Datacom"), with Main Street funding $17.2 million of the new investment. The proceeds of the investment were used to complete a minority recapitalization, refinance existing debt and provide capital to fund Datacom's near-term growth opportunities. Main Street's investment in Datacom includes first-lien, senior secured term debt and a direct equity investment. In addition, Main Street and its co-investor are providing Datacom an undrawn revolving line of credit to support its future working capital needs and a commitment for additional term loans to support its future growth opportunities.

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