Daily News: March 16, 2012

Main Street Capital Announces New Portfolio Investment

Main Street Capital Corporation announced that it closed a new portfolio investment totaling $6.8 million in invested capital in AmeriTech College Operations, LLC. Main Street’s investment in AmeriTech consists of $6.8 million in first lien, senior secured debt.

Headquartered near Salt Lake City, UT, AmeriTech is a private, for-profit college focused on providing healthcare training programs such as nursing, medical assisting, medical billing and coding, surgical technicians and dental assisting, and serves as one of the largest suppliers of nursing professionals in Utah. With two traditional campuses located in Draper, UT, and Provo, UT, and through its online programs, AmeriTech offers associate degrees as well as diplomas and is accredited with the Department of Education and nationally accredited with specialty healthcare education accrediting agencies.

Main Street’s investment provides growth financing to expand the school’s healthcare programs and its development of baccalaureate degree programs.

Main Street is a principal investment firm that primarily provides long-term debt and equity capital to lower middle-market companies.