Invests $12.8
Million in Dental Service Organization
HOUSTON, Feb. 20,
2024 /PRNewswire/ -- Main Street Capital Corporation
(NYSE: MAIN) ("Main Street") is pleased to announce that it
recently completed a new portfolio investment to facilitate the
recapitalization of a leading, multi-location urgent and general
care dental service organization located in the Midwestern U.S.
(the "Company"). Main Street, along with its co-investor, partnered
with the Company's founder and a private investment group to
facilitate the transaction, with Main Street funding $12.8 million in a combination of first lien,
senior secured term debt and a direct equity investment.
Founded in 2015, the Company operates multiple dental offices
throughout mid-sized metropolitan areas and cities in the
Midwestern U.S with a primary focus on providing same-day or
next-day care. The Company's patient-centric model and dedicated
team of dentists and staff are committed to providing the highest
quality of care to the Company's burgeoning patient base.
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 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 investment strategy. 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, through its wholly owned portfolio company MSC
Adviser I, LLC ("MSC Adviser"), also maintains an asset management
business through which it manages investments for external parties.
MSC Adviser is registered as an investment adviser under the
Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO,
dhyzak@mainstcapital.com
Jesse E. Morris, CFO & COO,
jmorris@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken Dennard |
ken@dennardlascar.com
Zach Vaughan |
zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation