Daily News: August 19, 2014

Main Street Leads Financing to Support Guerdon Recap

Main Street Capital announced that it recently led a financing totaling $17 million of invested capital in Guerdon Enterprises to support the majority recapitalization of Guerdon, with Main Street funding $13.6 million of the financing in this new portfolio investment.

Main Street’s portion of the financing included an $11.2 million first lien, senior secured term loan and a $2.4 million equity investment. In addition, Main Street and its co-investor in the financing are also providing Guerdon an undrawn revolving line of credit to support its future working capital needs.

Main Street and its co-investor partnered with Riverlake Partners, LLC, a private equity firm based in Portland, OR, and Guerdon’s founder to facilitate the transaction.

Boise, ID-based Guerdon is a systems-built, off site producer of large modular commercial and multi-family construction projects in the Western United States and Canada.