Main Street Capital completed a new portfolio investment of $17 million for Northeast Nebraska Vet Services and Heritage Animal Health (NVS), a provider of veterinary products and services to livestock production farms and companion animal owners.
Main Street funded $17 million in a combination of first-lien, senior secured term debt and a minority direct equity investment for NVS.
Main Street also is providing NVS with a revolving line of credit to support its future growth initiatives and working capital needs and has agreed to make a delayed draw term loan available to NVS to help facilitate the company’s acquisition growth strategy in the mixed-animal veterinary space.
NVS offers vaccines, medications and other supplies and services that include production consultation, training risk management diagnostics, animal processing and product program evaluation.
Main Street is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.