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Main Street Capital Corporation has announced a follow-on investment totaling $15.6 million in its portfolio company, UBM. This additional funding is specifically earmarked to support UBM's acquisition of a national provider of mail consolidation and logistics services. Notably, MSC Income Fund, Inc. (NYSE: MSIF) participated as a co-investor in this financing round to facilitate the strategic transaction. The move underscores Main Street's confidence in UBM's growth trajectory and its ability to execute successful acquisitions in the mid-market sector. This investment is expected to bolster interest income for Main Street in its capacity as a Business Development Company (BDC). Analysts view this capital injection as a positive signal regarding the strength of the parent company's portfolio and its commitment to subsidiary expansion.
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