Foryou13/iStock via Getty Images
- Main Street Capital (NYSE:MAIN) said on Thursday it has closed a $11.2M portfolio investment to facilitate the majority recapitalization of the software-as-a-service provider, MoneyThumb.
- MAIN shares were trading +0.37% Thursday pre-market at $48.91.
- The business development company, along with its co-investor, had teamed up with the majority equity investor Iron Creek Partners for the recapitalization transaction.
- Main Street’s investment included a combination of first lien, senior secured debt with equity warrant participation and a direct minority equity investment.
- Source: Press Release
