Main Street Capital Corporation (MAIN)

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Main Street Capital Announces Follow-on Portfolio Investment
Main Street Capital Corp. Common Stock (NYSE:MAIN)
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Today : Thursday 23 June 2011
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Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it has completed a follow-on investment in an existing portfolio company totaling $7.0 million. Main Street's follow-on investment in Audio Messaging Solutions, LLC ("AMS") supported the acquisition of an industry competitor which significantly expands the company's customer base and service offering. The follow-on investment consists of $7.0 million in first lien secured debt with additional equity warrant participation. AMS now provides custom branded on hold messaging, auto attendant greetings, overhead music and digital signage services to its customers. In addition to the expansion of its customer base through this cash and equity transaction, AMS believes that the broader range of services offered by the acquired company provides enhanced cross-selling opportunities to existing AMS customers. This acquisition represents the Company's eleventh acquisition in the on hold messaging sector, making AMS one of the largest providers of those services in the United States. Current management of the acquired company will also become significant shareholders of AMS and serve in senior management positions in the combined company.

In addition to the follow-on portfolio investment discussed above, Main Street has invested $44.8 million since March 31, 2011 in six privately placed, interest-bearing debt securities with a weighted average effective yield of 11.6%. These privately placed investments represent first lien and second lien secured debt investments and include companies operating in the oilfield services, environmental services, professional services, information services and entertainment industries