Main Street Capital Corp. said Monday it completed two investments totaling $35.1 million. Main Street invested $21.1 million in Bond-Coat, of Odessa, Texas. Bond-Coat provides external casing and tubing coating for corrosion prevention and cement adhesion. Main Street also provided $14 million to Marine Shelters Holdings, which does business as LoneStar Marine Shelters. Galveston, Texas-based LoneStar is a marine building fabricator specializing in high blast rated and high fire rated buildings for the offshore oil and gas industry.
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Main Street Capital Corp. said Wednesday that it invested in AmeriTech College Operations. The $6.8 million consisted of first lien, senior secured debt. Salt Lake City, Utah-based AmeriTech is a college that provides healthcare training programs such as nursing, medical assisting and medical billing. PRESS RELEASE Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) announced [...]
Debt refinancing dominated U.S. leveraged lending in the first quarter, according to data collected by Thomson Reuters LPC, a sister service of peHUB that tracks the loan market. Refinancings include dividend recapitalizations to pay dividends to sponsors as well as straightforward refinancings designed to lower a borrower’s interest rate or extend debt maturities.
Main Street Capital Corp. of Houston, Texas, completed a $7.5 million investment in Pegasus Research Group LLC, which does business as Televerde. The financing supported the recapitalization and growth financing of Televerde. The investments consist of a $6.25 million in first lien secured debt and a $1.25 million direct equity investment. Televerde is a Phoenix, Ariz.-based provider of sales-lead services.