Invests$45.0Million inRecapitalizationofa Specialty Aircraft Distributor
Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently completed a new portfolio investment totaling $45.0 million to facilitate the minority recapitalization ofa leading specialty aircraft distributor(the “Company”).Main Street partnered with the Company's Chief Executive Officer, who was also the Company's sole owner, to facilitate the transaction, with Main Street's investment including a combination of first lien, senior secured debt and a direct minority equity investment.
Founded over 30 years ago and headquarteredintheSoutheasternU.S., theCompanyis an industry-leading specialized aircraft distributor, parts supplier and maintenance provider. The Company serves a diverse customer base, primarily in North and South America.
ABOUT MAIN STREET CAPITAL CORPORATIONMain Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debtcapital toprivatecompanies ownedbyorintheprocessofbeingacquired byaprivateequity fund.MainStreet'sportfolioinvestmentsaretypicallymadetosupport managementbuyouts,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 customized “one-stop” debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investmentstrategy.MainStreet'slower middlemarketportfoliocompaniesgenerallyhaveannual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.
MainStreet, throughitswholly-ownedportfoliocompanyMSCAdviserI,LLC(“MSCAdviser”), also maintains an asset management business through which it manages investments for external parties.MSCAdviser isregisteredasaninvestmentadviserundertheInvestmentAdvisers Actof 1940, as amended.
Contacts:Main Street Capital CorporationDwayne L.Hyzak,CEO,dhyzak@mainstcapital.comRyan R. Nelson,CFO,rnelson@mainstcapital.com713-350-6000
DennardLascarInvestor RelationsKenDennard|ken@dennardlascar.comZachVaughan |zvaughan@dennardlascar.com713-529-6600
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SOURCE Main Street Capital Corporation
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