Main Street Announces New Portfolio Investment

Rhea-AI Summary

Main Street Capital Corporation (NYSE: MAIN) announced a new portfolio investment completed on October 15, 2025 totaling $81.0 million to facilitate a minority recapitalization of a musculoskeletal care management services organization in the Southeastern U.S.

The investment combines first-lien, senior secured term debt and a direct minority equity stake, and was made in partnership with the company's founders to provide capital to support ongoing growth across multiple clinical facilities offering orthopedic, pain management, neurology and imaging services.

Positive

• $81.0 million completed portfolio investment
• Investment combines first-lien senior secured term debt
• Includes a direct minority equity investment to support growth
• Target is a multi-state musculoskeletal care provider in the Southeastern U.S.

Negative

• None.

Invests $81.0 Million in Recapitalization of a Management Services Organization

HOUSTON, Oct. 15, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $81.0 million to facilitate the minority recapitalization of a leading musculoskeletal care management services organization located in the Southeastern U.S. (the "Company"). Main Street partnered with the Company's founders to facilitate the minority recapitalization. Main Street's investment in the Company includes a combination of first lien, senior secured term debt and a direct minority equity investment to facilitate the recapitalization and provide meaningful capital to support the Company's ongoing growth.

Founded over a decade ago and operating out of multiple clinical facilities across several states in the Southeastern U.S., the Company is a provider of musculoskeletal care, performing orthopedic, pain management, neurology and imaging services. The Company has dedicated clinical and non-clinical staff who are committed to providing the highest quality of care to the Company's patients.

ABOUT MAIN STREET CAPITAL CORPORATION

Main 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 debt capital to private companies owned by or in the process of being acquired by a private equity fund. 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 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 investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.

Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com  
Ryan R. Nelson, CFO, rnelson@mainstcapital.com  
713-350-6000

Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com  
Zach Vaughan | zvaughan@dennardlascar.com  
713-529-6600

 

View original content:https://www.prnewswire.com/news-releases/main-street-announces-new-portfolio-investment-302582363.html

SOURCE Main Street Capital Corporation

FAQ

What did Main Street (MAIN) announce on October 15, 2025?

Main Street announced a new portfolio investment of $81.0 million to facilitate a minority recapitalization of a Southeastern U.S. musculoskeletal care company.

How is Main Street structuring the $81.0 million investment in MAIN's October 2025 deal?

The investment is structured as a combination of first-lien, senior secured term debt and a direct minority equity investment.

What type of healthcare services does the COMPANY funded by MAIN provide?

The company provides musculoskeletal care including orthopedic, pain management, neurology and imaging services across multiple clinical facilities.

Does Main Street (MAIN) take a controlling stake in the October 2025 investment?

Main Street's stake is described as a minority recapitalization, indicating a non-controlling equity position alongside the founders.

Which geographic region is the portfolio company located in for MAIN's investment?

The portfolio company operates in the Southeastern U.S. across several states.