Main Street Capital Corp., which recapitalized propane accessories supplier Flame King in 2021, provided the supplier with an additional $66 million to recapitalize the company again.
The funding consists of first-lien, senior secured term debt. Main Street also provided a revolving line of credit to Flame King.
The propane accessory supplier’s ownership remains in place and has since the initial 2021 investment.
Flame King was founded in 1998 and is headquartered in Commerce, California.
Flame King sells products to retailers, RV OEMs and other customers. The company offers a complete line of steel and aluminum propane cylinders, including refrigerant, buffer and forklift cylinders, in sizes from 1 pound to 420 pounds.
