Daily News: October 22, 2014

Main Street Leads Financing for Rubber Manufacturer

Main Street Capital announced that it recently led a financing totaling $12 million of invested capital in East West Copolymer & Rubber to support working capital and expansion needs.

The financing consisted of a $12 million first lien, senior secured term loan with equity warrant participation, with Main Street funding $9.6 million of the invested capital. Main Street and its co-investor partnered with the management team of East West to facilitate the transaction.

East West is a synthetic rubbers manufacturer. East West’s Styrene-Butadiene-Rubber and Nitrile-Butadiene-Rubber products are primarily used in the production of tires for automobile, industrial and agriculture applications.