Main Street Announces Second Quarter 2024 Private Loan Portfolio Activity
The following represent notable new private loan commitments and investments during the second quarter of 2024:
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$107.6 million in a first lien senior secured loan and$15.4 million in a first lien senior secured revolver to a manufacturer of custom engineered die cut, formed foam, nonwoven and multi-material components for the automotive and healthcare end markets; -
$47.5 million in a first lien senior secured loan,$10.5 million in a first lien senior secured revolver and$25.0 million in a first lien senior secured delayed draw loan to a provider of senior-level executive search, interim placement, consulting and other talent advisory solutions; -
$52.8 million in a first lien senior secured loan and$6.2 million in a first lien senior secured revolver to a provider of mission critical services to datacenters specializing in the procurement and maintenance of power systems equipment; -
$42.9 million in a first lien senior secured loan and$3.6 million in a senior secured revolver to a provider of packaging supply chain solutions including contract packaging, procurement, warehousing, process design and third-party logistics; -
$26.4 million in a first lien senior secured loan and$0.1 million in a first lien senior secured revolver to a provider of asset management and alternative investing services; - Increased commitment of
$8.1 million in a first lien senior secured incremental loan and$13.5 million in a first lien senior secured incremental delayed draw loan to a provider of clinical trial sites used by drug manufacturers to perform clinical trials; - Increased commitment of
$5.8 million in a first lien senior secured incremental revolver to a supplier of complex antenna and thermal management solutions critical to the advancement and management of next-generation radars, electronic warfare and defense systems; -
$5.2 million in a first lien senior secured loan and$0.5 million in a first lien senior secured revolver to a provider of maintenance, installation and construction services for wastewater treatment and environmental solutions; and -
$4.0 million in a first lien senior secured loan to a provider of safety, logistics, project planning, materials management and technology support services to refineries and petrochemical plants.
As of
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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 portfolio companies generally have annual revenues between
Main Street, through its wholly owned portfolio company
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