Main Street Capital Corporation recently completed a follow-on investment in an existing portfolio company. Main Street made the follow-on investment in Bolder Panther Group, LLC ("Smoker Friendly" or the "Company") to support the Company's acquisition of a 79-store retailer with locations spread across Arkansas, Mississippi, Tennessee, Missouri and Kentucky. Main Street's follow-on investment consists of an additional $50.0 million first lien, senior secured term debt investment.

Founded in 1991 and headquartered in Boulder, Colorado, the Company is one of the largest retailers of tobacco products in the United States operating 259 retail stores across twelve states with a mix of tobacco stores, cigar lounges, liquor stores and gas stations, making it a top-50 convenience store chain in the United States by size.  Additionally, the Company owns a line of private-label tobacco products that are sold through both the Company's retail stores and an authorized dealer network of over 750 stores. Main Street made its initial investment in the Company in December 2020 and previously completed a follow-on investment in July 2021 to support the acquisition of a separate Louisiana-based retailer.