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Invests $41.4 Million in Tied Telecommunications Answers Inc.
HOUSTON, Oct. 16, 2024 /PRNewswire/ — Primary Side road Capital Company (NYSE: MAIN) (“Main Street”) is happy to announce that it not too long ago finished a unutilized portfolio funding totaling $41.4 million to facilitate the minority recapitalization of Tied Telecommunications Answers Inc. (“Connect” or the “Company”), a prominent value-added distributor of fiber control answers to the Canadian telecommunications business. Primary Side road, in conjunction with its co-investor, partnered with the Corporate’s founders to facilitate the transaction, with Primary Side road’s funding together with a mix of first-lien, senior tie expression debt and a right away fairness funding.
Based in 1999 and headquartered in Kitchener, Ontario, Tied is a prominent provider of outdoor the plant fiber control answers to the Canadian telecommunications business. Tied do business in a complete area of goods to its shoppers, together with vaults, cupboards, pedestals and numerous fiber connectivity answers.
ABOUT MAIN STREET CAPITAL CORPORATION
Primary Side road (www.mainstcapital.com) is a major funding company that essentially supplies custom designed long-term debt and fairness capital answers to decrease center marketplace firms and debt capital to personal firms owned through or within the technique of being obtained through a personal fairness treasure. Primary Side road’s portfolio investments are generally made to help control buyouts, recapitalizations, enlargement financings, refinancings and acquisitions of businesses that perform in various business sectors. Primary Side road seeks to spouse with marketers, trade house owners and control groups and typically supplies custom designed “one-stop” debt and fairness financing choices inside of its decrease center marketplace funding technique. Primary Side road seeks to spouse with personal fairness treasure sponsors and essentially invests in tie debt investments in its personal mortgage funding technique. Primary Side road’s decrease center marketplace portfolio firms typically have annual revenues between $10 million and $150 million. Primary Side road’s personal mortgage portfolio firms typically have annual revenues between $25 million and $500 million.
Primary Side road, via its totally owned portfolio corporate MSC Assistant I, LLC (“MSC Adviser”), additionally maintains an asset control trade in which it manages investments for exterior events. MSC Assistant is registered as an funding aider below the Funding Advisers Work of 1940, as amended.
Contacts:
Primary Side road Capital Company
Dwayne L. Hyzak, CEO, [email protected]
Ryan R. Nelson, CFO, [email protected]
713-350-6000
Dennard Lascar Investor Family members
Ken Dennard | [email protected]
Zach Vaughan | [email protected]
713-529-6600
SOURCE Primary Side road Capital Company
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