Main Street Capital Corporation announced on July 2, 2025, a follow-on portfolio investment totaling $66.0 million in Flame King Holdings, LLC. Flame King is an existing portfolio company and a leading supplier of propane storage solutions and accessories.
The investment consisted of first-lien, senior secured term debt and was made to facilitate a minority recapitalization of Flame King. Main Street initially invested in Flame King in October 2021.
Main Street also provided Flame King with a revolving line of credit to support the company's ongoing growth initiatives and working capital needs. This continued investment demonstrates Main Street's strategy of supporting the expansion of its successful portfolio companies.
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