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Stock Market & Financial Investment News

News Breaks
January 10, 2013
06:06 EDTMAINMain Street announces new portfolio investment, partial exit of other investment
Main Street announced that it recently closed two transactions, including a new portfolio investment and the partial exit of an existing portfolio investment. The new portfolio investment includes $40.5M of invested capital in Quality Lease and Rental Holdings, the parent company of Quality Lease Service, and Quality Lease Rental Service. Main Street's investment consists of $38M in senior, secured term debt in Quality and a $2.5M direct equity investment in Quality's parent holding company.
News For MAIN From The Last 14 Days
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October 23, 2014
07:11 EDTMAINMain Street sees Q3 EPS 57c-58c, consensus 55c
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October 21, 2014
07:08 EDTMAINMain Street announces $12M investment in East West Copolymer & Rubber
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October 16, 2014
07:09 EDTMAINMain Street exits Spectrio investment with 16.3% internal rate of return
Main Street recently fully exited its investment in Spectrio LLC, a national provider of on-hold messaging and digital signage managed services. Main Street's initial investment in May 2009 consisted of a $5.7M senior secured, first lien debt investment with an equity warrant participation for 8.4% of the fully-diluted equity interests in Spectrio. Main Street realized a gain of approximately $3.9M on the redemption of its warrant by Spectrio. On a cumulative basis, Main Street realized an internal rate of return of 16.3% and a 1.7 times money invested return in aggregate on its debt and equity investment in Spectrio.
October 15, 2014
07:08 EDTMAINMain Street makes new portfolio investment in Computer Associates Inc.
Main Street recently led a financing totaling $7.6M of invested capital in Computer Associates, Inc., to support the majority recapitalization of CAI, with Main Street funding $6.1M of the financing in this new portfolio investment. Main Street's portion of the financing included a $5.4M first lien, senior secured term loan and a $0.7M equity investment.

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