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Main Street Invests $26MM in First Lien, Senior Secured Term Debt in Existing Portfolio Companies

September 07, 2021, 07:07 AM
Filed Under: Industry News

Main Street Capital recently invested a total of $26.0 million in first lien, senior secured term debt in two existing portfolio companies.

Main Street recently completed a follow-on investment in OMi Holdings, Inc, ("OMi") to support a recapitalization of OMi. Founded in 1969 and headquartered in Royse City, Texas, OMi is a vertically integrated manufacturer of through the air material handling equipment including bridge cranes, runway systems, monorail systems, jib cranes and hoists. OMi also provides maintenance services, inspections and after-market parts for both equipment manufactured by OMi and other parties through service locations in Dallas, Houston and Birmingham. Main Street's first investment in OMi was completed in April 2008.

Main Street also recently completed a follow-on investment in Cody Pools, Inc. ("Cody Pools"). Cody Pools is a leading designer and builder of premium, highly customized swimming pools and spas for residential and commercial customers in the United States and has been ranked as the "#1 Pool Builder in the Nation" by Pool & Spa News for nine consecutive years. Main Street's follow-on investment supported Cody Pools' acquisition of a Houston, Texas-based pool builder, further expanding the company's position in the Houston market.

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