Main Street Capital Announces New Portfolio Investment
HOUSTON, Sept. 28, 2011 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it has completed a new lower middle market portfolio investment totaling $10.0 million in invested capital.
Main Street's investment in Integrated Printing Solutions, L.L.C. ("IPS" or the "Company") supported the recapitalization of the Company and provided additional growth financing. Main Street's investment consists of $10.0 million in first lien secured debt with equity warrant participation. Headquartered in Centennial, Colorado, the Company is a provider of print, data programming and management, and specialty marketing strategies. IPS specializes in card and card personalization services, on-demand digital card printing and fulfillment, distribution and warehousing, commercial printing and direct mail, as well as print management for the retail, health care, prepaid card, financial and advertising industries.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies. Main Street's lower middle market investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. 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 also maintains a portfolio of privately placed, interest-bearing debt investments in middle market businesses that are generally larger in size than its lower middle market portfolio companies.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CFO and Senior Managing Director
[email protected]
713-350-6000
Dennard Rupp Gray & Lascar, LLC
Ken Dennard | [email protected]
Ben Burnham | [email protected]
713-529-6600
SOURCE Main Street Capital Corporation
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