FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Main Street Leads Lenders in $50MM Facility to AM3 Pinnacle

October 29, 2013, 07:16 AM
Filed Under: Media

Main Street Capital Corporation announced it recently led the syndication of a $50.0 million first lien, senior secured credit facility for AM3 Pinnacle Corporation.  Main Street's participation in the facility was $22.5 million.  In conjunction with its investment in the facility, Main Street previously completed a $2.0 million equity investment in AM3 Pinnacle.  The proceeds of the facility and Main Street's equity investment supported AM3 Pinnacle's acquisition of certain assets from MDU Communications International, Inc. and provided additional working capital to the company.

AM3 Pinnacle is the parent company of Access Media 3, Inc. one of the leading providers of comprehensive Internet, TV and voice services for multi-dwelling unit properties, including design, installation, maintenance and service management.  Led by a team of industry veterans, AM3 prides itself on offering flexible, tailor-made service packages through strong project management and property-specific solutions based upon wiring and technology needs.  AM3 was founded in 2006 and is based in Oak Brook, Illinois.

Main Street is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.