Main Street Announces New Portfolio Investment

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Jan 05, 2016, 07:00 ET

HOUSTON, Jan. 5, 2016 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it recently led a new portfolio investment totaling $13.0 million of invested capital in Valley Healthcare Group, LLC ("VHG" or the "Company") to fund the Company's near-term growth opportunities and refinance existing debt, with Main Street funding $10.4 million of the investment. The investment in VHG consisted of first-lien, senior secured term debt. In addition, Main Street and its co-investor are providing VHG a conditional commitment for additional capital to support its future growth opportunities.

Headquartered in Phoenix, Arizona, and founded in 2006 by long-established industry experts, VHG (www.valleyrespiratory.com) is a leading provider of durable medical equipment, custom rehabilitation, mobility solutions, and sleep center services, primarily in Phoenix, Arizona. VHG owns and operates five pulmonary-related entities that provide continuous positive airway pressure and bi-level positive airway pressure equipment, oxygen, related supplies, ventilators, nebulizers and other equipment to patients with sleep apnea and other respiratory deficiencies. VHG also specializes in diagnostic sleep disorder testing and operates seven sleep centers in Phoenix, Arizona, two in Tucson, Arizona, and one in Omaha, Nebraska.

ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.

Main Street's common stock trades on the New York Stock Exchange ("NYSE") under the symbol "MAIN." In addition, Main Street has outstanding 6.125% Notes due 2023, which trade on the NYSE under the symbol "MSCA."

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, President & COO, [email protected]
Brent D. Smith, CFO, [email protected]
713-350-6000

Dennard - Lascar Associates, LLC
Ken Dennard | [email protected]
Jenny Zhou | [email protected]
713-529-6600

SOURCE Main Street Capital Corporation