Main Street Capital Invests $49.3 Million in Moffitt
Main Street Capital (MAIN) said Tuesday it recently completed a $49.3 million portfolio investment for the minority recapitalization of Moffitt Holdings, a provider of bulk fuel and lubricant distribution services.
The investment includes a combination of first-lien, senior secured term debt and a direct equity investment, the investment firm said.
Main Street said it collaborated with the founders and management team of Moffitt for the minority recapitalization.
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