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Stock impact report

Main Street Announces New Portfolio Investment

Main Street Capital Corporation (MAIN) 
Last main street capital corporation earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.mainstcapital.com
Company Research Source: PR Newswire
HOUSTON, April 28, 2020 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment to facilitate the recapitalization of Pearl Meyer & Partners, LLC ("Pearl Meyer" or the "Company"), the premier independent provider of executive compensation consulting services, benchmarking data and surveys.  Main Street partnered with the Company's management team and senior consultants to facilitate the transaction, with Main Street funding $48.8 million in a combination of first-lien, senior secured term debt and a direct equity investment.  In addition, Main Street is providing Pearl Meyer with a credit facility to support its future growth initiatives and working capital needs.Founded in 1989, Pearl Meyer (www.pearlmeyer.com) has a 30-year track record of successfully advising boards, compensation committees and senior management on the alignment of executive compensation with business and leadership s Show less Read more
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