Main Street Capital Invests $66M to Back Flame King's Recapitalization and Growth Plans

Author: Benzinga Newsdesk | July 02, 2025 06:06am

Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on portfolio investment to facilitate the minority recapitalization of its existing portfolio company, Flame King Holdings, LLC ("Flame King" or the "Company"), a leading supplier of propane storage solutions and accessories. Main Street funded $66.0 million of first-lien, senior secured term debt to complete the recapitalization and also provided Flame King with a revolving line of credit to support the Company's ongoing growth initiatives and working capital needs. Main Street initially invested in Flame King in October 2021.

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