News Column

United States : MAIN STREET announces $17.0 M new portfolio investment

August 20, 2014

Main Street Capital Corporation lately organised a funding totaling $17.0 million of invested capital in Guerdon Enterprises, LLC ("Guerdon"), to aid the majority recapitalization of Guerdon, with Main Street funding $13.6 million of the funding in this new profile investment. Main Street's portion of the financing included an $11.2 million first lien, senior secured term loan and a $2.4 million equity investment.  In addition, Main Street and its co-investor in the funding are also offering Guerdon an undrawn revolving line of credit to aid its future working capital requirements. Main Street and its co-investor associated with Riverlake Partners, LLC, a private equity firm based in Portland, Oregon, and Guerdon's founder to facilitate the deal.

Main Street is a principal investment company that offers long-term debt and equity capital to lower middle market firms and debt capital to middle-market firms. Main Street's portfolio investments are typically made to aid management buyouts, recapitalizations, growth financings, refinancings and purchases of firms that operate in diverse industry sectors.

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Source: TendersInfo (India)

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