This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Main Street Capital Provides Fourth Quarter 2011 Portfolio Activity Update

Stocks in this article: MAIN

HOUSTON, Jan. 9, 2012 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") today provided an update of its portfolio investment activity for the fourth quarter of 2011.

Lower Middle Market Portfolio Investments Update

During the fourth quarter of 2011, Main Street completed lower middle market ("LMM") portfolio investments totaling $42.7 million in five previously announced new LMM portfolio companies. Other than the previously announced exit of Main Street's investment in Merrick Systems, Inc., there were no other significant exits of LMM portfolio investments during the fourth quarter of 2011 and there were additional partial repayments and sales of LMM portfolio debt investments during the fourth quarter of 2011 which totaled approximately $8.1 million. Main Street's new LMM portfolio investments included investments in the following portfolio companies:

  • RMB, Inc. and Gault Financial, LLC$10.5 million investment in first lien secured debt with equity warrant participation; the company is a healthcare revenue cycle management company serving customers nationwide.
  • Radial Drilling Services Inc. $4.2 million investment in first lien secured debt with equity warrant participation; the company is a provider of patented technologies, equipment and personnel to increase production in mature oil and gas wells using radial drilling through modified coiled tubing technology.
  • SAMBA Holdings, Inc. – $4.0 million investment, consisting of $3.0 million in first lien secured debt and $1.0 million in direct equity; the company is a leading provider of fleet compliance software and services to car and truck fleet owners.
  • Willis Group, LLC $9.0 million investment in first lien secured debt; the company is a provider of staffing and recruitment services through three specialized brands.
  • NRP Jones, LLC $15.0 million investment, consisting of $12.1 million in first lien secured debt and $2.9 million in direct equity; the company manufactures hydraulic, industrial, and oilfield hoses, fittings and assemblies for both original equipment manufacturers and hose and fitting distributors.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs