Main Street Capital Participates in Leveraged Buyout of California Splendor

Main Street Capital (MAIN) said early Tuesday it recently made a new portfolio investment of $40.5 million to facilitate the leveraged buyout of frozen fruit provider, California Splendor.

The investment was between Main Street, along with a co-investor, and the company’s CEO. The funding was made through a combination of first-lien, senior secured term debt and a direct equity investment. Additionally, Main Street is providing California Splendor with a revolving credit facility to support its future growth initiatives and working capital needs.

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