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Invested USD 31.6 million in YSN Imports, LLC d/b/a Flame King
Houston, November 4, 2021/PRNewswire/ - Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has recently completed a new investment portfolio to Promote YSN Imports, LLC d/b/a Flame King ("Flame King" or "Company"), a leading supplier of propane storage solutions and accessories. Main Street and its co-investors work with the company’s existing owners and management team to facilitate transactions and provide growth capital. Main Street provides a combination of priority lien, senior secured term debt and direct equity to provide $31.6 million in capital investment . Main Street and its co-investors also provide Flame King with revolving credit lines to support the company's future growth plans and working capital needs.
Flame King (www.flameking.com) was founded in 1998 and is headquartered in Pico Rivera, California, and is a leading supplier of propane storage solutions and accessories. The company indirectly sells its products to casual consumers through retailers, propane tank exchangers, and RV OEMs, and directly sells its products to consumers through e-commerce platforms. The company also provides a full range of steel propane cylinders for commercial and industrial customers, including refrigerant, buffer and forklift cylinders, ranging in size from 1 lb to 420 lbs. Used in entertainment, commercial, industrial and household applications.
About MAIN STREET CAPITAL CORPORATION Main Street (www.mainstcapital.com) is a major investment company that provides long-term debt and equity capital to mid- and low-end market companies and debt capital to mid-market companies. Main Street's investment portfolio is often used to support management buyouts, recapitalization, growth financing, refinancing, and acquisitions of companies operating in different industries. Main Street seeks to work with entrepreneurs, business owners, and management teams, usually to provide a “one-stop” financing alternative in its mid-to-low-end market portfolio. The annual revenue of Main Street's low- and mid-market companies is generally between US$10 million and US$150 million. Main Street's mid-market debt investments are made in companies that are generally larger than mid- and low-end market portfolio companies.
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages the investments of external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940.
Contact: Main Street Capital Corporation Dwayne L. Hyzak, CEO, [email protected] Jesse E. Morris, CFO and COO, [email protected] 713-350-6000
Dennard Lascar Investor Relations Ken Dennard | [Email Protection] Zach Vaughan | [Email Protection] 713-529-6600
SOURCE Main Street Capital Corporation
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