Main Street Capital Corporation Expands Portfolio with $66 Million Investment in Flame King Holdings Recapitalization

Reuters07-02

<a href="https://laohu8.com/S/MAIN">Main Street Capital</a> Corporation Expands Portfolio with $66 Million Investment in Flame King Holdings Recapitalization

Main Street Capital Corporation has announced a significant expansion of its investment portfolio by completing a follow-on investment in Flame King Holdings, LLC, a leading supplier of propane storage solutions and accessories. The investment, totaling $66.0 million, facilitated the minority recapitalization of Flame King, an existing portfolio company. This investment consists of first-lien, senior secured term debt and includes a revolving line of credit to support Flame King's ongoing growth and working capital needs. Flame King, founded in 1998 and headquartered in Commerce, California, provides a comprehensive range of propane cylinders and accessories to a diverse clientele, including retailers, RV OEMs, and eCommerce platforms. Main Street Capital initially invested in the company in October 2021, and this latest move underscores its commitment to supporting Flame King's expansion and success in the market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Main Street Capital Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: DA22773) on July 02, 2025, and is solely responsible for the information contained therein.

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