Main Street Led $50MM Facility for AM3 Pinnacle
Main Street Capital announced it led the syndication of a $50 million first lien, senior secured credit facility for AM3 Pinnacle Corporation. Main Street’s participation was $22.5 million.
In conjunction with its investment in the facility, Main Street previously completed a $2 million equity investment in AM3 Pinnacle. The proceeds of the facility and Main Street’s equity investment supported AM3 Pinnacle’s acquisition of certain assets from MDU Communications Internationaland provided additional working capital to the company.
AM3 Pinnacle is the parent company of Access Media 3, a provider of comprehensive Internet, TV and voice services for multi-dwelling unit properties.