The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Main Street Capital Announces New Portfolio Investment

Tuesday, November 29, 2011

Main Street Capital Announces New Portfolio Investment06:00 EST Tuesday, November 29, 2011 HOUSTON, Nov. 29, 2011 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it has completed a new lower middle market portfolio investment totaling $10.5 million in invested capital.Main Street's investment in RMB, Inc. and Gault Financial, LLC, two companies under common equity ownership (together, the "Company"), was used to refinance certain debt obligations of the Company and to provide capital for the Company's future growth.  Main Street's investment in the Company consists of $10.5 million in first lien secured debt with equity warrant participation.  Headquartered in Knoxville, Tennessee, the Company is a healthcare revenue cycle management company serving customers nationwide.  The Company's services include collection of delinquent patient accounts, collection of active patient accounts, establishing and monitoring patient payment arrangements, special projects related to hospital revenue cycle management, third party payment resolution and the purchase and management of the liquidation of distressed assets.ABOUT MAIN STREET CAPITAL CORPORATIONMain 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 CorporationDwayne L. Hyzak, CFO and Senior Managing Directordhyzak@mainstcapital.com713-350-6000Dennard Rupp Gray & Lascar, LLCKen Dennard  |  ksdennard@drg-l.comBen Burnham |  bburnham@drg-l.com713-529-6600   SOURCE Main Street Capital Corporation