Daily News: April 19, 2012

Main Street Capital Announces New Portfolio Investment

Main Street Capital said it closed a new lower middle-market portfolio investment totaling $5 million in Bridge Capital Solutions. Main Street’s investment in Bridge Capital consists of $5 million in first lien, senior secured debt with equity warrant participation.

The proceeds of Main Street’s investment were used to refinance certain debt obligations of Bridge Capital and to provide additional liquidity to finance certain growth initiatives and for general working capital purposes.

Headquartered on Long Island in Hauppauge, NY, Bridge Capital is a financial services firm that provides accelerated cash-flow solutions to small businesses. Bridge Capital provides business owners immediate access to working capital by fast-tracking the processing of business checks to make funds available instantly and by working directly with their customers to develop tailored cash-flow management strategies that deliver results for their businesses.