Filed pursuant to Rule 497(a)
File No. 333-183555
Rule 482ad
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NEWS RELEASE | |
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Contacts: Main Street Capital Corporation Dwayne L. Hyzak, CFO and Senior Managing Director dhyzak@mainstcapital.com 713-350-6000
Dennard · Lascar Associates Ken Dennard / ken@dennardlascar.com Jenny Zhou / jzhou@dennardlascar.com 713-529-6600 | ||
MAIN STREET ANNOUNCES
EXIT OF PORTFOLIO INVESTMENT
Generates $8.6 Million Realized Gain and 30.9% Internal Rate of Return
From Exit of Investment in NCP Investment Holdings, Inc.
HOUSTON, October 28, 2014 Main Street Capital Corporation (NYSE: MAIN) (Main Street) announced today that it recently fully exited its investment in NCP Investment Holdings, Inc. (NCP), a healthcare services company operating free-standing outpatient cardiac and vascular procedure labs. The centers are joint venture partnerships between NCP and a group of physicians (and occasionally hospitals) who perform diagnostic and therapeutic procedures at the site.
Main Street made its initial investment in NCP in 2004 to support growth initiatives, with Main Streets initial investment consisting of a first lien, secured debt investment with an equity warrant participation. Main Streets debt investment in NCP was fully repaid during the second quarter of 2012, and a majority of its equity interest in NCP was purchased by a leading private equity investment firm in the fourth quarter of 2012. In October 2014, Main Street realized a gain of approximately $8.6 million on the sale of its remaining equity interest in NCP in conjunction with a change of control of NCP. On a cumulative basis since Main Street made its initial investment in NCP in 2004, Main Street realized an internal rate of return of 30.9% and a 4.7 times money invested return on its investment in NCP.
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 Streets 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 Streets lower middle market companies generally have annual revenues between $10 million and $150 million. Main Streets middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.
Main Streets common stock trades on the New York Stock Exchange (NYSE) under the symbol MAIN. In addition, Main Street has outstanding 6.125% Notes due 2023, which trade on the NYSE under the symbol MSCA.