Main Street announces new portfolio investment

Main Street Capital announces that it recently completed a new portfolio investment totaling $43.2M to facilitate the recapitalization of Pinnacle Plastics and Integrity Plastics, a manufacturer and distributor of commercial can liners, polyethylene bags, produce bags, and other adjacent products for use predominantly in the quick-service restaurant, convenience store, and janitorial services industries. Main Street, along with its co-investor, partnered with the Company’s existing owners and management team to facilitate the recapitalization, with Main Street’s investment including a combination of first lien, senior secured term debt and a direct equity investment.