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Press release from PR Newswire

Main Street Announces New Portfolio Investment

Monday, June 03, 2013

Main Street Announces New Portfolio Investment

07:00 EDT Monday, June 03, 2013

HOUSTON, June 3, 2013 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it recently closed a new portfolio investment totaling $24.0 million of invested capital in Impact Telecom, Inc. ("Impact"). Main Street's investment consists of $22.5 million in senior, secured term debt with equity warrant participation and $1.5 million funded on a $7.0 million revolving credit facility. The proceeds of Main Street's investment supported Impact's acquisition (the "Acquisition") of Matrix Telecom and AmericaTel Corporation (collectively, the "Targets") and provided additional working capital to the combined companies.

Founded in 2005, Impact is headquartered in Denver, Colorado and is a leading provider of commercial tele­communications services by delivering flexible and effective solu­tions to the marketplace. Headquartered in Dallas, Texas, the Targets engage in complementary commercial telecommunications activities and operate a leading retail telecommunications business. The combined companies service over one million customers throughout the United States and internationally. In addition, the Acquisition expands Impact's footprint in the commercial market, provides Impact access to a wide range of retail segments and greatly expands the product portfolio of the combined companies.    

ABOUT MAIN STREET CAPITAL CORPORATION

Main Street (www.mainstcapital.com) is a principal investment firm that 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 portfolio. 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's common stock trades on the New York Stock Exchange ("NYSE") under the symbol "MAIN."  In addition, Main Street has outstanding 6.125% Senior Notes due 2023, which trade on the NYSE under the symbol "MSCA."

Contacts:Main Street Capital CorporationDwayne L. Hyzak, CFO and Senior Managing Directordhyzak@mainstcapital.com 713-350-6000

Dennard Rupp Gray & Lascar, LLCKen Dennard  |  ksdennard@drg-l.com Ben Burnham |  bburnham@drg-l.com 713-529-6600

SOURCE Main Street Capital Corporation

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