Main Street Announces Senior Secured Credit Facility for New Portfolio Investment
HOUSTON, Oct. 29, 2013 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it recently led the syndication of a $50.0 million first lien, senior secured credit facility (the "Facility") for AM3 Pinnacle Corporation ("AM3 Pinnacle"). Main Street's participation in the Facility was $22.5 million. In conjunction with its investment in the Facility, Main Street previously completed a $2.0 million equity investment in AM3 Pinnacle. The proceeds of the Facility and Main Street's equity investment supported AM3 Pinnacle's acquisition of certain assets from MDU Communications International, Inc. and provided additional working capital to the company.
AM3 Pinnacle is the parent company of Access Media 3, Inc. ("AM3"), one of the leading providers of comprehensive Internet, TV and voice services for multi-dwelling unit properties, including design, installation, maintenance and service management. Led by a team of industry veterans, AM3 prides itself on offering flexible, tailor-made service packages through strong project management and property-specific solutions based upon wiring and technology needs. AM3 was founded in 2006 and is based in Oak Brook, Illinois.
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, CFO and Senior Managing Director
[email protected]
713-350-6000
Dennard ▪ Lascar Associates, LLC
Ken Dennard / [email protected]
Ben Burnham / [email protected]
713-529-6600
SOURCE Main Street Capital Corporation
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