Main Street Capital Corporation (Nasdaq: MAIN) announced today a new portfolio investment in Austin, Texas-based Drilling Info, Inc., an information service provider for the domestic upstream oil and gas industry, providing an integrated land, production, and well information platform to a base of over 10,000 users in the energy sector.
Main Street provided Drilling Info with debt financing in connection with its acquisition of HPDI, LLC, a data service company that provides data products and web-enabled, decision-support applications to various users within the energy industry.
Main Street’s $4.8m investment in Drilling Info consists of a second lien, secured debt investment with an equity warrant participation representing an approximate 3% equity interest in the company.
FinSMEs
01/12/2009