Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
Main Street Capital funded $24.4 million in a combination of first-lien, senior secured term debt and a direct equity investment for Cody Pools and teamed with a co-investor in the company to provide a credit facility to support future growth initiatives and working capital needs.
Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.
Capital Southwest supported the majority recapitalization of American Nuts by Gauge Capital with a first lien term loan (including a delayed draw term loan), a revolving credit facility and an equity co-investment.
MB Business Capital provided a new $23 million senior credit facility to NRP Jones, a manufacturer of hydraulic, industrial and oilfield hoses, fitting, and assemblies for both OEMs and distributors.
Vincent D. Foster, co-founder of Main Street Capital, is stepping down and turning over his responsibilities to Dwayne L. Hyzak.
Main Street Capital expanded the total commitments under its credit facility from $560 million to $585 million. BB&T served as administrative agent for the banking syndicate.
Glowpoint, a managed service provider of video collaboration and network applications, completed a recapitalization of its existing debt obligations supported by loans from Western Alliance and Super G Capital.
Capital Southwest supported the acquisition of Binswanger Glass by Wingate Partners with a $44.2 million first lien term loan. Main Street Capital was a co-investor in the loan.
Investment firm D.A. Davidson served as exclusive financial advisor to Hawk Ridge Systems related to its recap by Main Street Capital and management.