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Main Street Capital Corporation (MAIN)

31.49 Up 0.62(2.01%) 4:02PM EDT
|After Hours : 31.49 0.00 (0.00%) 4:02PM EDT
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Main Street Capital Corporation
1300 Post Oak Boulevard
8th floor
Houston, TX 77056
United States - Map
Phone: 713-350-6000
Fax: 713-350-6042

Index Membership:N/A
Industry:Diversified Investments
Full Time Employees:N/A

Business Summary 

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses. It invests in consumer discretionary, consumer staples, energy, healthcare, industrials, information technology, materials, telecommunication services, and utilities sectors. It does not seek to invest in start-up companies or companies with speculative business plans. It seeks to invest in traditional or basic businesses. The firm primarily invests in companies based in the Southern, South Central, and Southwestern regions of the United States but also considers other domestic investment opportunities. It invests between $2 million and $75 million in companies with revenues between $5 million and $300 million, enterprise values between $3 million and $50 million, and EBITDA between $1 million and $20 million. The firm seeks to charge a fixed interest rate between 12 percent and 14 percent, payable in cash, in case of its mezzanine loan investments. The firm typically invests in the form of term debt with equity participation and/or direct equity investments. It prefers to maintain fully diluted minority and majority equity positions in its portfolio companies of 5 percent to 50 percent, and may have controlling interests in some instances. The firm also co-invests with other investment firms. It seeks to exit its debt investments through the repayment of the investment from internally generated cash flow and/or refinancing within a period of three to seven years. It participates in warrants, PIK (Payment in Kind) interest, convertible securities, junior secured or unsecured, senior secured debt, unitranche debt, equity related, common equity, and preferred equity. Main Street Capital Corporation was founded in 1997 and is based at Houston, Texas.

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Corporate Governance 
Main Street Capital Corporation’s ISS Governance QuickScore as of Jul 1, 2014 is 1. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 2; Compensation: 1.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Vincent D. Foster J.D., CPA, 59
Chairman, Chief Exec. Officer, Member of Credit Committee and Member of Investment Committee
Mr. Dwayne Louis Hyzak CPA, 43
Pres, Chief Operating Officer, Sr. Managing Director and Member of Investment Committee
Mr. Brent D. Smith CPA, 41
Chief Financial Officer and Treasurer
Mr. David L. Magdol , 45
Vice Chairman, Chief Investment Officer, Sr. Managing Director and Chairman of Investment Committee
Mr. Curtis L. Hartman CPA, 43
Vice Chairman, Chief Credit Officer, Pres of Asset Management, Sr. Managing Director, Chairman of Credit Committee and Member of Investment Committee
Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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